Denver Health And Hospital Authority, Colorado; Hospital May 10

Standard & Poors, May 2010

Abstract
Standard & Poor's Ratings Services assigned its 'BBB' long-term rating to Denver Health and Hospital Authority (DHHA), Colo.'s series 2010 hospital recovery zone facility bonds. At the same time, Standard & Poor's affirmed its 'BBB' long-term rating on DHHA's outstanding debt. The outlook is stable. We consider DHHA's business position as an essential public provider of unique services and its improved operations considerable credit strengths. However, cuts in governmental funding are a credit concern, given the tightening operating margins. Other factors supporting the rating include our view of DHHA's: Strong public essentiality as the county's safety net provider and consistent funding support from the City and County of Denver ('AAA' general obligation rating), as well as support from the state...

Companies mentioned in this report are: Denver Hlth & Hosp Auth,Denver City & Cnty
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.

Research Type: Full Analysis

Denver Hlth & Hosp Auth,Denver City & Cnty

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