Standard & Poor's Ratings Services assigned its 'BBB-' long-term rating to Jefferson Parish Hospital Service District No. 2, La.'s $170 million series 2011 hospital revenue and refunding bonds, issued for Jefferson Parish Hospital District No. 2 doing business as East Jefferson General Hospital (EJGH). The outlook is stable. The 'BBB-' rating reflects our view of EJGH's adequate business position, strong service essentiality in the East Bank of Jefferson Parish, and historical pro forma balance sheet metrics that support the rating, with 87% cash to debt and 36.5% debt leverage at June 30, 2011. The 'BBB-' rating further reflects our view of: EJGH's adequate business position as a leading provider of select, more tertiary oriented, services rendered for the most part...
Companies mentioned in this report are: East Jefferson Gen Hosp,Jefferson Parish Hosp Svc Dist #2
Action: New Rating
Action: Outlook: Stable
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