Daughters of Charity Health System, CA Outlook Revised To Stable On Improved Financial Results Sep 07

Standard & Poors, September 2007

Abstract
NEW YORK (Standard & Poor's) Sept. 21, 2007--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. "The improvement at St. Vincent, solid operations at four of the other...

Companies mentioned in this report are:
- Daughters of Charity Hlth Sys
- California Statewide Communities Dev Auth

Action: Affirmed
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.

- Daughters of Charity Hlth Sys
- California Statewide Communities Dev Auth

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