Summary: Lancaster County Hospital Authority, Pennsylvania Lancaster General Hospital; Letter of Credit Oct 11
- Language: English
- Published: October 2011
- Region: Pennsylvania
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
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Research Type: Full Analysis
Lancaster Gen Hosp,Lancaster Cnty Hosp Auth