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Outlook Revised To Stable On Pomona Valley Hospital Medical Center, CA's Bonds Due To Improved Operating Results Sep 11
Standard & Poors, September 2011
SAN FRANCISCO (Standard & Poor's) Sept. 13, 2011-- Standard & Poor's Ratings Services revised its outlook to stable from negative and affirmed its 'BBB-' underlying rating (SPUR) on California Health Facilities Financing Authority's outstanding debt, issued on behalf of Pomona Valley Hospital Medical Center (Pomona Valley). "The rating reflects our view of Pomona Valley's notable improvement in its operating results, which have returned to just above break even," said Standard & Poor's credit analyst Geraldine Poon. "In addition to the operational turnaround, Pomona Valley has benefited significantly from the California State Provider Fee, and the balance sheet has improved considerably," Ms. Poon added. RELATED CRITERIA AND RESEARCH USPF Criteria: Not-For-Profit Health Care, June 14, 2007...
Companies mentioned in this report are: Pomona Vy Hosp Med Ctr,California Hlth Facs Fin Auth
Action: Outlook: Stable
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Research type: News
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Pomona Vy Hosp Med Ctr,California Hlth Facs Fin Auth