Summary: King County Public Hospital District No.2 (dba Evergreen Healthcare), Washington; General Obligation Aug 11
- ID: 1952960
- August 2011
- Region: Washington
- Standard & Poors
Standard & Poor's Ratings Services lowered its long-term and underlying rating (SPUR) to 'A+' from 'AA-'on King County Public Hospital District No. 2 (Evergreen Healthcare), Wash.'s outstanding limited-tax and unlimited-tax general obligation (GO) debt. The outlook is stable. The lowered rating reflects our view of the district's liquidity, which is weak for the rating, and its thin operating results through the year-to-date period. We have historically viewed the district's liquidity as a weakness, but had previously believed that this concern was adequately tempered by the organization's strong tax support and use of general obligation (GO) bonds to fund large capital projects. While the strong tax support still exists, the district's liquidity declined incrementally since our last review, contrary to generally...
Companies mentioned in this report are:
- King Cnty Pub Hosp Dist #2 dba Evergreen Healthcare
Action: Outlook: Stable
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