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California Statewide Communities Development Authority Daughters of Charity Health System; System Sep 07
Standard & Poors, Sep 2007
Abstract
Standard & Poor's Ratings Services revised its rating outlook on California Statewide Communities Development Authority's debt, issued for Daughters of Charity Health System (DCHS), Calif., to stable from negative, reflecting improved financial performance at St. Vincent Medical Center in Los Angeles and DCHS's first operating surplus in the past three years. In addition, Standard & Poor's analysis also recognizes financial assistance from an independent, yet related, foundation which has proven its support for the organization during recently challenging times. At the same time, Standard & Poor's affirmed its 'BBB+' rating on the DCHS's series 2005A, B, F, G and H bonds. Other factors supporting the 'BBB+' rating include: Diversified presence throughout California among the system's six acute care hospitals; Improved,...
Companies mentioned in this report are: Daughters of Charity Hlth Sys,California Statewide Communities Dev Auth
Action: Outlook Revised
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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