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California Statewide Communities Development Authority; Revenue - Health Care, Other Jun 00

Standard & Poors, June 2000


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Abstract
The rating on California Statewide Communities Development Authority's bonds, issued for the Los Angeles Orthopaedic Hospital and Foundation, reflects the organization's: Favorable reputation and long history of fulfilling its mission of providing charitable care for children in downtown and greater Los Angeles, primarily in the areas of orthopedic services and research; Alliance with University of California, Los Angeles (UCLA) Medical Center, which virtually eliminates the financial risk of providing inpatient services while also broadening the hospital and foundation's mission through the establishment of a new Orthopedic Research Center at UCLA, construction of a new Orthopedic Hospital on the campus of the Santa Monica-UCLA Medical Center, and the expansion of Orthopaedic Hospital's existing downtown outpatient capacity; Ample liquidity and financial flexibility...

Companies mentioned in this report are: 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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