Standard & Poor's Ratings Services has revised the outlook to positive from stable on its long-term ratings on New York State Dormitory Authority's $11 million series 2010 revenue bonds and Monroe County Industrial Development Agency, N.Y.'s $30.6 million series 2005 revenue bonds, issued for Highland Hospital of Rochester, reflecting recent and substantial balance sheet growth. Standard & Poor's has affirmed its 'BBB+' long-term ratings on the bonds. It is our opinion that Highland has a solid business position as a subsidiary of Strong Partners Health System, a subsidiary of the University of Rochester, of which Strong Memorial Hospital is a division, and an increasingly strong overall financial profile. Historically, Highland's income statement performance has consistently exceeded the 'BBB+' medians. However,...
Companies mentioned in this report are:
- Highland Hosp of Rochester
- Dorm Auth of the St of New York
- Monroe Cnty Indl Dev Agy
Action: Outlook: Positive
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