Summary: FrontPorch, CA; Health Care, Long Term Care Aug 05

Standard & Poors, August 2005

Abstract
Standard & Poor's Ratings Services raised its rating to 'BBB' from 'BBB-' on Front Porch (formerly the Internext Group), Calif.'s outstanding $196.6 million bonds. Additionally, Standard & Poor's revised its rating outlook to stable from positive. The rating revision reflects sustained operating improvement, coupled with strong growth in liquidity. Specific credit factors include: A second year of positive results from operations and the fourth straight year of significant improvement, with Front Porch achieving $1.7 million in operating income (1.3%) in the fiscal year ended March 31, 2005; Continued solid cash flow, resulting in stable debt service coverage; Further growth in liquidity, contributing to stronger liquidity ratios; Significant revenue diversity from its 13 properties, including a wide range of geographic, pricing,...

Companies mentioned in this report are:
- California Statewide Communities Dev Auth

Action: Outlook: Stable
Action: Upgraded

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.

- California Statewide Communities Dev Auth

Customers who bought this item also bought

• China Aged Care Service Industry Report, 2011-2012
• China Aged Care Service Industry Report, 2011-2012
• IAEM CEM® Emergency Management Webcast Series
• Results that Matter. Improving Communities by Engaging Citizens, Measuring Performance, and Getting Things Done
• Crisis Information Management: Communication and Technologies
• Evidence-Based Design of Elementary and Secondary Schools. A Responsive Approach to Creating Learning Environments
• IntelliNews - Bosnia and Herzegovina Country Report - Issue 3, 2013
• Local Government Services Market Review 2010
• OECD Reviews of Evaluation and Assessment in Education: Norway 2011
• Malaysia Infrastructure Report Q3 2010