Pell City Special Care Facilities Financing Authority, Alabama Noland Health Services; Long Term Care Nov 11
Standard & Poors, November 2011
Abstract
Standard & Poor's Rating Services has revised its outlook to positive from stable and affirmed its 'A-' long-term rating on Pell City Special Care Facilities Financing Authority, Ala.'s series 2007-A bonds issued for Noland Health Services (NHS). The revised outlook reflects our view of NHS' improving balance sheet coupled with several years of solid operating performance and strong occupancy and management's ability to maintain strong operations during a time when several facilities were in transitional stages. The outlook also reflects our opinion of NHS' strong management team and very limited competition in the long-term acute-care hospital (LTAC) business due to Alabama's certificate-of-need (CON) laws that limit the number of licensed and available LTAC beds by region. The 'A-' rating reflects...
Companies mentioned in this report are: Noland Hlth Services,Pell City,Pell City Spl Care Facs Fincg Auth
Action: Outlook Revised
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: Full Analysis
Noland Hlth Services,Pell City,Pell City Spl Care Facs Fincg Auth
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