• +353-1-415-1241(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Advocate Health Care Network, IL Outlook Changed to Stable; Ratings Affirmed Apr 03 Product Image

Advocate Health Care Network, IL Outlook Changed to Stable; Ratings Affirmed Apr 03

  • Published: April 2003
  • Standard & Poors

FEATURED COMPANIES

Abstract
NEW YORK (Standard & Poor's) April 11, 2003--Standard & Poor's Ratings Services today changed the outlook to stable from negative and affirmed the 'AA' and 'AA/A-1' ratings on Illinois Health Facilities Authority's outstanding debt issued on behalf of the Advocate Health Care Network (AHCN) based in Oak Brook, Ill. The outlook revision and ratings affirmation reflect AHCN's sound management; strong patient utilization and market position; a very strong financial position with 3.9x coverage of maximum annual debt service for the fiscal year ended Dec. 31, 2002; and moderate leverage, evidenced by a 30.1% debt-to-capital ratio. AHCN's unrestricted cash and investments totaled $1.06 billion at fiscal year end 2002, equating to a favorable 203% cash to debt ratio. At Dec. 31,...

Companies mentioned in this report are:
- Advocate Hlth Care Network
- Illinois Hlth Fac 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 READ MORE >

- Advocate Hlth Care Network
- Illinois Hlth Fac Auth

Format Properties
Electronic The report will be emailed to you.
Note: Product cover images may vary from those shown
More

RELATED PRODUCTS