Sutter Health System, CA Bonds Rated 'AA-' On Financial Strength And Debt Service Coverage Apr 07
- ID: 2044470
- April 2007
- Standard & Poors
SAN FRANCISCO (Standard & Poor's) April 16, 2007--Standard & Poor's Ratings Services assigned its 'AA-' rating to the California Health Facilities Financing Authority's $774.7 million series 2007A revenue bonds and the $160.0 million series 2007B and C auction rate notes, issued for Sutter Health System, Calif. At the same time, Standard & Poor's affirmed its 'AA-' rating on various issuers' approximately $1.5 billion health care revenue bonds, issued for Sutter Health. The outlook is stable. "We expect that Sutter will maintain its track record of strong operating results and debt service coverage, given its good market position with little excess capacity in many of its markets," said Standard & Poor's credit analyst Geraldine Poon. "With Sutter's plans to issue roughly...
Companies mentioned in this report are:
- Sutter Hlth
- California Hlth Facs Fincg Auth
- California Statewide Communities Dev Auth
Action: New Rating
Action: Outlook: Stable
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article. SHOW LESS READ MORE >