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Appalachian Regional Healthcare Inc., KY Bond Rating Raised To 'BB' On Overall Strong Financial Profile Sep 11
Standard & Poors, Sep 2011
Abstract
NEW YORK (Standard & Poor's) Sept. 14, 2011--Standard & Poor's Ratings Services raised its long-term rating to 'BB' from 'BB-' on Kentucky Economic Development Finance Authority's series 1997 revenue bonds, issued for Appalachian Regional Healthcare Inc. (ARH). 'The upgrade reflects our opinion of ARH's overall financial profile, which we consider strong for the rating, three years of improved operating results, and strong business position as a provider of services in a rural service area,' said Standard & Poor's credit analyst Jessica Goldman. 'We don't believe a higher rating is possible at this time because of ARH's weak balance sheet in terms of leverage and debt burden, continued declines in volumes, issues related to the pension, and significant debt and capital...
Companies mentioned in this report are: Appalachian Regl Hlthcare ,Kentucky Econ Dev Fin Auth
Action: Outlook: Stable
Action: Upgraded
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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