- Language: English
- Published: January 2012
- Region: United States
Summary: Beaver County Hospital Authority, Pennsylvania Heritage Valley Health System; Hospital Dec 11
- ID: 2030679
- December 2011
- Region: Pennsylvania
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'AA-' rating to the Beaver County Hospital Authority, Pa.'s $67.1 million series 2012 fixed rate revenue bonds issued for Heritage Valley Health System, Inc. (HVHS). At the same time, we affirmed the 'AA-' long-term rating and underlying rating (SPUR) on the authority's series 1998 revenue bonds also issued for HVHS. The outlook on all ratings is stable. We understand that the proceeds of the series 2012 bonds will be used to refund the series 1998 bonds on a current basis and also pay for costs of issuance. HVHS is pursuing the refinancing to achieve debt service savings. Standard & Poor's will withdraw its ratings on the series 1998 bonds after they are refunded....
Companies mentioned in this report are: Heritage Vy Hlth Sys,Beaver Cnty Hosp Auth
Action: New Rating
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
SHOW LESS READ MORE >
Heritage Vy Hlth Sys,Beaver Cnty Hosp Auth