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Summary: Jewish Brd Of Family & Childrens Svcs, NY; Health Care, Human Service Providers Jan 03 Product Image

Summary: Jewish Brd Of Family & Childrens Svcs, NY; Health Care, Human Service Providers Jan 03

  • ID: 1952262
  • January 2003
  • Region: New York
  • Standard & Poors

FEATURED COMPANIES

  • New York State Dorm Auth
  • MORE

Abstract
Standard & Poor's Ratings Services has assigned its 'BBB' rating to the New York State Dormitory Authority's $18 million revenue bonds, series 2003, issued for the Jewish Board of Family and Children's Services (JBFCS). Standard & Poor's has also affirmed its 'BBB' rating on the outstanding debt issued for JBFCS. The rating reflects: A solid liquidity position, A long operating history, A broad array of services, and Strong historic public support. Offsetting factors include JBFCS' marginal financial performance for the last two years, reliance on non-operating funds, heavy dependence on Medicaid funding, and competition from other providers. The bonds are secured by a security interest in JBFCS' total operating revenues. JBFCS is one of the nation's largest not-for-profit mental health...

Companies mentioned in this report are:
- New York State Dorm Auth

Action: New Rating

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