- Language: English
- 92 Pages
- Published: March 2010
- Region: United Kingdom
Outlook On Shell Point Village, FL's Various Healthcare Facilities Bonds Revised To Stable Due To Improved Operations Feb 11
- Published: February 2011
- Standard & Poors
NEW YORK (Standard & Poor's) Feb. 14, 2011--Standard & Poor's Ratings Services revised its outlook to stable from negative and affirmed its 'BB' long-term and underlying (SPUR) ratings on Lee County Industrial Development Authority, Fla.'s various healthcare facilities bonds, issued for Shell Point Village (SPV), a life-care-based continuing-care retirement community (CCRC) in Fort Myers, Fla. "The revised outlook reflects our view of SPV's improved operations and occupancy over the past two years, and our expectation that SPV will remain profitable while continuing to improve its weak liquidity levels," said Standard & Poor's credit analyst Margaret McNamara. "If SPV is unable to maintain its improved operations and demand, if liquidity continues to decline, or if, although unlikely, SPV issues any additional...
Companies mentioned in this report are: Shell Point,Lee Cnty Indl Dev Auth
Action: Outlook: Stable
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Research type: News
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Shell Point,Lee Cnty Indl Dev Auth