• +353-1-415-1241(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Summary: District Of Columbia Sibley Memorial Hospital; Hospital Jun 09 Product Image

Summary: District Of Columbia Sibley Memorial Hospital; Hospital Jun 09

  • Published: June 2009
  • Standard & Poors

FEATURED COMPANIES

  • District of Columbia
  • Sibley Mem Hosp
  • MORE

Abstract
Standard & Poor's Ratings Services assigned its 'A' rating, and stable outlook, to District of Columbia's series 2009 hospital revenue bonds, issued for Sibley Memorial Hospital. The rating reflects the hospital's: Very strong liquidity, characterized by 787 days' cash on hand as of Dec. 31, 2008; Solid operating results with an operating margin at about 8.0% for the past three years despite declining volumes -- Management, however, expects fiscal 2009 results will be weaker than historical levels; and Light pro forma debt-to-capital ratio of 18.2% as of Dec. 31, 2008, factoring in the series 2009 bonds -- With the addition of the expected $125 million of additional debt in 2011, however, debt burden will be quite significant. A higher rating...

Companies mentioned in this report are:
- Sibley Mem Hosp
- District of Columbia

Action: New Rating
Action: Outlook: Stable

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 READ MORE >

- Sibley Mem Hosp
- District of Columbia

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

RELATED PRODUCTS