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Daughters of Charity Health System, CA's Outlook Revised To Negative Due To Continued Losses Dec 10 Product Image

Daughters of Charity Health System, CA's Outlook Revised To Negative Due To Continued Losses Dec 10

  • Published: December 2010
  • Standard & Poors

Abstract
NEW YORK (Standard & Poor's) Dec. 1, 2010--Standard & Poor's Ratings Services said it revised its rating outlook to negative from stable on the Daughters of Charity Health System (DCHS), Calif., and affirmed its 'BBB' long-term rating on the system's $463 million series 2005A, 2005F, 2005G, 2005H, and 2008A fixed-rate bonds, which were issued by the California Statewide Communities Development Authority. "Operating losses at DCHS accelerated in 2010 and have continued through the first quarter of fiscal 2011 at a higher pace," said Standard & Poor's credit analyst Cynthia Keller. As a result, the system has made a decision to increase integration among the hospitals through a shift away from a decentralized management company and toward centralized management in an...

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

Action: Affirmed
Action: Outlook: Negative

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

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