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Brevard County Health Facilities Authority, Florida Health First Inc.; Hospital Dec 11
Standard & Poors, Dec 2011
Abstract
Standard & Poor's Ratings Services has affirmed its 'A-' long-term ratings on the $84.9 million series 2009B, $173.3 million series 2005, and $69.9 million series 2001 revenue bonds issued by Brevard County Health Facilities Authority, Fla. for Health First Inc. (Health First). In addition, we affirmed the 'A-' underlying ratings (SPURs) on the series 2005 and 2001 bonds issued by the authority for Health First. The 'A-' ratings reflect our assessment of Health First's maintenance of a leading business position within the primary service area, and sound overall financial profile. In our opinion, the debt load remains fairly high for the rating category, which partially offsets the credit strengths we see in the income statement and adequate days' cash on...
Companies mentioned in this report are: Health First Inc,Brevard Cnty Hlth Fac 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
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