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Berkshire Health System, MA 'BBB+' Bond Rating Outlook Revised To Stable On Improved Financial Trends Dec 11
Standard & Poors, Dec 2011
Abstract
NEW YORK (Standard & Poor's) Dec. 14, 2011--Standard & Poor's Ratings Services has revised its outlook to stable from negative and affirmed its 'BBB+' underlying rating (SPUR) on $105 million series 2001E and 2005F fixed-rate bonds issued by Massachusetts Development Finance Agency for Berkshire Health System (BHS), Mass. 'We changed the outlook on BHS last year based on an unexpected and substantial operating loss in fiscal year 2010 due to decreased volumes, in conjunction with our view of BHS's fiscal results since 2009, which had not met expectations,' said Standard & Poor's credit analyst Cynthia Keller Macdonald. 'However, BHS' fiscal 2011 financial performance was very strong and exceeded budget, with management's actions improving revenue, earnings, and volume and since the...
Companies mentioned in this report are: Berkshire Hlth Sys,Massachusetts Development Finance Agency
Action: Affirmed
Action: Outlook: Stable
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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