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California Statewide Communities Development Authority Orthopaedic Hospital and Los Angeles Orthopaedic Hospital Foundation; Hospital Nov 07
Standard & Poors, Nov 2007
Abstract
Standard & Poor's Ratings Services assigned its 'BBB+' standard long-term rating to California Statewide Communities Development Authority's $52.83 million series 2007 refunding and revenue bonds, issued for the Orthopaedic Hospital and Los Angeles Orthopaedic Hospital Foundation. Orthopaedic Hospital (OH) operates outpatient, and urgent care facilities near downtown Los Angeles for the treatment of children with musculoskeletal disorders and orthopaedic injuries. OH also operates research facilities on its downtown campus. Los Angeles Orthopaedic Hospital Foundation (LAOHF) is a charitable fund raising organization formed to support OH and controlled by OH. The 'BBB+' rating reflects a stronger balance sheet and improved operating performance following the July 2005 transfer of inpatient services to Santa Monica UCLA Medical Center and Orthopaedic Hospital, and the...
Companies mentioned in this report are: Orthopaedic Hosp & Los Angeles Orthopaedic Foundn,California Statewide Communities Dev Auth
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
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