• 1-800-526-8630U.S. (TOLL FREE)
  • 1-917-300-0470EAST COAST U.S.
  • +353-1-416-8900REST OF WORLD
Summary: ABAG Fin Auth For Nonprofit Corp, CA Jul 98 Product Image

Summary: ABAG Fin Auth For Nonprofit Corp, CA Jul 98

  • ID: 1931632
  • July 1998
  • Standard & Poors

Abstract
Salomon Smith Barney The rating assigned on ABAG Finance Authority for Nonprofit Corp., Calif.'s bonds, issued for Episcopal Homes Foundation (EHF), a continuing-care retirement community (CCRC) system in California, is based on solid market position with five life-care facilities?including a new luxury facility, a history of profitable operations, and strong and improving liquidity. Currently, EHF does not have a future service obligation pursuant to its life-care contracts. These factors are mitigated by a weaker historical demand and marketing challenges at several of their older facilities, reliance on one facility for the majority of their bottom line to date, and a high debt burden. The series 1998 bonds will refund all of EHF's outstanding debt. Episcopal Homes Foundation owns and operates...

Companies mentioned in this report are:
- ABAG Fin Auth For Nonprofit Corps

Action: New Rating

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 READ MORE >

Note: Product cover images may vary from those shown

- ABAG Fin Auth For Nonprofit Corps

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

RELATED PRODUCTS