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Summary: Stillwater Medical Center Authority, Oklahoma Stillwater Medical Center; Hospital Dec 11 Product Image

Summary: Stillwater Medical Center Authority, Oklahoma Stillwater Medical Center; Hospital Dec 11

  • Published: December 2011
  • Region: Oklahoma
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services affirmed its 'BBB+' rating on Stillwater Medical Center Authority, Okla.'s series 2005 and series 2003 revenue bonds, issued for Stillwater Medical Center (SMC). The outlook is stable. The affirmation reflects our view of SMC's significant improvement in operating performance in fiscal 2010 that has been sustained through the first 10 months of fiscal 2011 due to volume growth and productivity improvements. In addition, the affirmation is based on our opinion of SMC's strengthened liquidity and maintenance of a low debt load. We believe that a positive outlook is currently precluded because of some heightened capital spending during the next year and a lack of clarity on longer-term capital plans, specifically relating to a new administrative...

Companies mentioned in this report are: Stillwater Med Ctr,Stillwater Med Ctr Auth
Action: Affirmed

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Stillwater Med Ctr,Stillwater Med Ctr Auth

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