New York State Dormitory Authority NYU Hospitals Center; Hospital Dec 10
Standard & Poors, December 2010
Abstract
Standard & Poor's Ratings Services raised to 'BBB+' from 'BBB' its long-term rating on the $389 million series 2000D, 2006A, 2007A, and 2007B bonds issued by New York State Dormitory Authority for NYU Hospitals Center. Standard & Poor's also assigned its 'BBB+' rating to the $132 million series 2011A fixed-rate bonds issued by the authority for NYU Hospitals Center. The outlook is stable. The higher rating reflects our assessment of NYU Hospital Center's (NYUHC) rapid financial improvement that we believe offsets the increased leverage from the series 2011A bonds as well as a future debt issuance of up to $200 million planned for later in 2011, which we have factored in this rating action. We believe that management's plans for...
Companies mentioned in this report are:
- NYU Hospitals Ctr
- New York State Dorm Auth
Action: New Rating
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
- NYU Hospitals Ctr
- New York State Dorm Auth
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