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Vassar Brothers Medical Center, NY Bonds Raised To 'A'; Health Quest Systems Bonds Rated 'A' Jul 07 Product Image

Vassar Brothers Medical Center, NY Bonds Raised To 'A'; Health Quest Systems Bonds Rated 'A' Jul 07

  • ID: 1951798
  • July 2007
  • Region: New York
  • Standard & Poors

FEATURED COMPANIES

  • Health Quest Sys, Inc.
  • New York State Dorm Auth
  • MORE

Abstract
NEW YORK (Standard & Poor's) July 16, 2007--Standard & Poor's Ratings Services raised its standard long-term rating and underlying rating (SPUR) on Vassar Brothers Medical Center (VBMC), N.Y. bonds, issued by Dutchess County Industrial Development Agency and New York State Dormitory Authority, to 'A' from 'A-', on VBMC's role as the 365-licensed bed flagship hospital of Health Quest Systems Inc. (HQSI), its parent organization, and a forthcoming change in the security of VBMC's bonds to now include the support of HQSI's obligated group. At the same time, Standard & Poor's assigned its 'A' rating to New York State Dormitory Authority's $69 million series 2007 health care revenue and refunding bonds, issued for HQSI, which is headquartered in Poughkeepsie, N.Y. The...

Companies mentioned in this report are:
- Health Quest Sys, Inc.
- New York State Dorm Auth
- Dutchess Cnty Indl Dev Agy

Action: New Rating
Action: Outlook: Stable
Action: Upgraded

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.

Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

- Health Quest Sys, Inc.
- New York State Dorm Auth
- Dutchess Cnty Indl Dev Agy

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