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Summary: Catholic Health Services Of Long Island, New York; System Oct 11 Product Image

Summary: Catholic Health Services Of Long Island, New York; System Oct 11

  • Published: October 2011
  • Region: New York
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services assigned its 'A-' long-term rating on Nassau County Local Economic Assistance & Financing Corp., N.Y.'s $72.105 million series 2011 bonds and Suffolk County Economic Development Authority's $230.465 million series 2011 bonds, issued for Catholic Health Services of Long Island (CHSLI). Standard & Poor's also affirmed its 'A-' long-term rating and underlying rating (SPUR) on various series of debt issued for CHSLI. The rating outlook on all the series of debt is stable. In May 2011, Standard & Poor's raised the rating on CHSLI's debt to 'A-' from 'BBB+' due to sustained improvement in operating performance, with solid revenue growth and increasing levels of profitability over the past five years, including a very solid fiscal 2010...

Companies mentioned in this report are:
- Catholic Hlth Svcs of Long Island
- Nassau Cnty Local Econ Assistance & Financing Corp
- Suffolk County Economic Development Authority

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, READ MORE >

- Catholic Hlth Svcs of Long Island
- Nassau Cnty Local Econ Assistance & Financing Corp
- Suffolk County Economic Development Authority

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