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Summary: Fremont-Rideout Health Group, California; Hospital Nov 08 Product Image

Summary: Fremont-Rideout Health Group, California; Hospital Nov 08

  • ID: 2044965
  • November 2008
  • Region: California
  • Standard & Poors

FEATURED COMPANIES

  • Fremont-Rideout Hth Grp
  • Marysville
  • MORE

Abstract
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
- Marysville
- California Statewide Communities Dev Auth

Action: Affirmed
Action: Outlook: Negative

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- Fremont-Rideout Hth Grp
- Marysville
- California Statewide Communities Dev Auth

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