Summary: Highland Hospital Of Rochester, New York; Hospital Sep 11
- ID: 1921696
- September 2011
- Region: New York
- Standard & Poors
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
- New York State Dorm Auth
- Monroe Cnty Indl Dev Agy
Action: Outlook: Positive
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included. SHOW LESS READ MORE >