Summary: Fremont-Rideout Health Group, California; Hospital Nov 08
- ID: 2044965
- November 2008
- Region: California
- Standard & Poors
Standard & Poor's Ratings Services revised the outlook to negative from stable on Fremont-Rideout Health Group (FRHG), Calif.'s $27 million revenue bonds, series 2006, issued by the California Statewide Communities Development Authority. The 'A+' underlying rating (SPUR) is affirmed. Standard & Poor's also affirmed its 'A+' long-term rating on FRHG's $77.45 million debt, issued by the authority and the City of Marysville, Calif. The system has maintained a strong balance sheet that has helped it weather the operating challenges it experienced in fiscal 2007 (year ended June 30). In 2007, it experienced a year of losses after posting two years of operating profitability in 2006 and 2005. For fiscal 2008 and the three-month interim period ended Sept. 30, 2008, there...
Companies mentioned in this report are:
- Fremont-Rideout Hth Grp
- California Statewide Communities Dev Auth
Action: Outlook: Negative
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