North Shore Long Island Jewish Health System, NY's Series 2012 Bonds Rated 'A-' On Strong Market Position Mar 12
- Language: English
- Published: March 2012
- Region: New York
Standard & Poor's Ratings Services affirmed its 'BBB' underlying rating (SPUR) on New York State Dormitory Authority's revenue bonds, issued for Jewish Board of Family and Children's Services (JBFCS). The 'BBB' rating reflects JBFCS': Solid liquidity position, with unrestricted cash and investments equal to 156 days' cash and 115% of long-term debt and lines of credit; Long operating history more than a century long, with deep ties to the community; Broad array of services, with more than 165 programs at more than 90 locations in New York City and the surrounding N.Y. suburbs; and Strong historic public support, with about three-fourths of revenue derived from governmental sources, including New York State (AA) and New York City (AA). Offsetting factors include:...
Companies mentioned in this report are:
- New York State Dorm Auth
Action: Outlook: Stable
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