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Lancaster County Hospital Authority, Pennsylvania Lancaster General Hospital; Hospital Nov 11 Product Image

Lancaster County Hospital Authority, Pennsylvania Lancaster General Hospital; Hospital Nov 11

  • ID: 2027652
  • November 2011
  • Region: Pennsylvania
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services has affirmed its 'AA-' long-term rating on Lancaster County Hospital Authority, Pa.'s $99 million series 2007A and 2007B hospital revenue bonds, issued for Lancaster General Hospital (Lancaster General). The rating outlook is stable. The ratings reflect our assessment of Lancaster General's: Continued adequate cash flow and debt service coverage, although operating income is much lower than recent years; Healthy balance sheet, characterized by low leverage, strong liquidity, and a well-maintained physical plant; and Excellent business position, highlighted by a very dominant market share in Lancaster County. The above credit strengths are somewhat tempered by the system's recent soft volume and revenue trends; decreased operating income, which is showing signs of stabilizing in fiscal 2012 but...

Companies mentioned in this report are: Lancaster Gen Hosp,Lancaster Cnty Hosp Auth
Action: Affirmed

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

Lancaster Gen Hosp,Lancaster Cnty Hosp Auth

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