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Louisiana Local Government Environmental Facilities and Community Development Authority Woman's Hospital Foundation; Hospital Jan 12 Product Image

Louisiana Local Government Environmental Facilities and Community Development Authority Woman's Hospital Foundation; Hospital Jan 12

  • ID: 2039741
  • January 2012
  • Region: Louisiana
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services affirmed its 'BBB+' long-term rating on the Louisiana Local Government Environmental Facilities and Community Development Authority's $319.52 million combined series 2010A and 2010B fixed-rate bonds, issued for Woman's Hospital Foundation (Woman's). The outlook is stable. The 'BBB+' rating is based on our view of: Woman's strong business position as the state's leading provider of women's and infants' services, coupled with historically very solid operations and excellent operational liquidity; Woman's significant increase in debt to fund its replacement hospital project, which placed stress on Woman's balance sheet; and Significant construction and post-opening challenges inherent in a large-scale replacement facility project, although most recent reports from management indicate that the project is ahead of schedule and on...

Companies mentioned in this report are: Woman's Hosp Foundn,Louisiana Local Govt Envir Facs & Comnty Dev Auth
Action: Affirmed

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

Woman's Hosp Foundn,Louisiana Local Govt Envir Facs & Comnty Dev Auth

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