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California Health Facilities Finance Authority, Pomona Valley Hospital Medical Center; Hospital Sep 11
Standard & Poors, Sep 2011
Abstract
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). Last year, Standard & Poor's lowered its ratings on the center's debt to 'BBB-/Negative' from 'BBB/Stable'; since then, operations have improved to just above break even. This is a notable improvement in our view, given the magnitude of the previous operating losses. In addition to the operational turnaround, Pomona Valley has benefited significantly from the California State Provider Fee, and the balance sheet has improved considerably. The revised outlook reflects our view of Pomona Valley's: Improved operating results, with positive operating margins...
Companies mentioned in this report are: Pomona Vy Hosp Med Ctr,California Hlth Facs Fin Auth
Action: Outlook Revised
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
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