Show Low Industrial Development Authority, Arizona Summit Healthcare Regional Medical Center; Hospital Nov 12
- Language: English
- Published: November 2012
- Region: Arizona
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
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 >
Ozarks Med Ctr,West Plains Indl Dev Auth