Jacksonville Health Facilities Authority, Florida Baptist Health System Inc.; Joint Criteria; System Jan 13
- Language: English
- Published: January 2013
- Region: Florida
Standard & Poor's Ratings Services revised its outlook to stable from negative and affirmed its 'A-' long-term rating on Mississippi Hospital Equipment and Facilities Authority's series 2007A revenue bonds issued for Mississippi Baptist Health Systems (MBHS). In our view, the outlook revision and 'A-' rating are supported by MBHS's: Improved operational liquidity, with 236 days' cash on hand and 114% cash to debt as of fiscal 2011 (audited results through Aug. 31, 2011), and limited expectation of significant capital expenditures, which provides the organization some financial flexibility as it tries to improve operations; and Good market position in the primary service area (PSA) and preferred provider status in several key service lines despite the competitive marketplace, and gradually improving year-over-year...
Companies mentioned in this report are: Mississippi Baptist Hlth Sys,Mississippi Hosp Equip & Fac Auth
Action: Outlook: Stable
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Mississippi Baptist Hlth Sys,Mississippi Hosp Equip & Fac Auth