U.S. Speculative-Grade Not-For-Profit Health Care Providers Continue To Face Rating Volatility And Operating Pressures Nov 13
- Language: English
- Published: November 2013
- Region: United States
Standard & Poor's Ratings Services raised its long-term rating to 'BB-' from 'B+' on West Plains Industrial Development Authority, Mo.'s hospital revenue bonds issued on behalf of Ozarks Medical Center (OMC). The outlook is stable. The raised rating reflects our view of OMC's continued success in producing positive operating results in fiscal 2010 (audited results through Dec. 31, 2010), which, based on third-quarter results through Sept. 30, 2011, have continued into fiscal 2011 after a period of weaker operations and weaker utilization. Improved operations have likewise supported better overall operational liquidity and resulted in sound maximum annual debt service (MADS) coverage. OMC continues to enjoy a sound business position as a sole community provider in a rural market, as well....
Companies mentioned in this report are: Ozarks Med Ctr,West Plains Indl Dev Auth
Action: Outlook: Stable
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Ozarks Med Ctr,West Plains Indl Dev Auth