- Language: English
- Published: October 2012
- Region: California
Summary: Southern Mono Healthcare District, California; General Obligation Nov 11
- ID: 2024667
- November 2011
- Region: California
- Standard & Poors
Standard & Poor's Ratings Services affirmed its 'BBB+' underlying rating (SPUR) on Southern Mono Healthcare District, Calif.'s general obligation (GO) bonds. The rating reflects our view of the district's: Potential for demand fluctuations related to a service area that is geographically isolated and concentrated in tourism, particularly weather-dependent ski recreation; Risks inherent with hospitals that have a small medical staff; Uneven historical operating results; and Relatively high leverage, although this metric has been improving. Partly offsetting the above weaknesses is our view of the district's: Strong income and wealth indicators; Expenditure and revenue management that we believe has swung before-property tax operations to positive for fiscal 2011 and likely for fiscal 2012; and Good liquidity position after a period of...
Companies mentioned in this report are: Southern Mono Healthcare Dist
Action: Outlook: Stable
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
SHOW LESS READ MORE >
Southern Mono Healthcare Dist