Summary: Yuma Regional Medical Center, AZ Series 2008 Bonds Rating Lowered To 'A+/A-1'; Letter of Credit Jan 12
- Language: English
- Published: January 2012
SAN FRANCISCO (Standard & Poor's) Nov. 23, 2011-- Standard & Poor's Ratings Services revised its outlook to negative from stable and affirmed its 'A' long-term and underlying rating (SPUR) on Yuma County Union High School District No. 70 (Yuma), Ariz.'s existing general obligation (GO) bonds. "The outlook revision reflects our view of the district's restricted financial flexibility from state funding delays and limited liquidity sources," said Standard & Poor's credit analyst Kathleen Parmer. "If mismatched cash flows from state funding delays increase liquidity pressure and disrupt normal operations, we would likely lower the rating," Ms. Parmer added. The district is highly reliant on state aid, which comprises about 84% of its 2011 general fund revenues. RELATED CRITERIA AND RESEARCH USPF...
Companies mentioned in this report are: Yuma Cnty Un High Sch Dist #70 Yuma
Action: Outlook: Negative
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