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Summary: John Muir/ Mt. Diablo Health System, CA; Health Care, System Dec 04 Product Image

Summary: John Muir/ Mt. Diablo Health System, CA; Health Care, System Dec 04

  • Published: December 2004
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services affirmed its 'A+' underlying rating (SPUR) on the California Statewide Communities Development Authority's certificates of participation, issued for the John Muir/Mt. Diablo Health System (JMMD). The affirmation was based on: Continued robust operating profitability in fiscal 2003 and through the first nine months of 2004, A solid and improving balance sheet for the rating level, and The two-hospital system's strong market position and favorable demographics in its service area of Contra Costa County. Offsetting factors include a sizable bond issuance (estimated to be $240 million) expected to take place in early 2005 and associated construction projects at both of JMMD's campuses. JMMD experienced another year of significant operating revenue and income growth in 2003, marking...

Companies mentioned in this report are:
- John Muir Health
- California Statewide Communities Dev Auth

Action: Affirmed

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- John Muir Health
- California Statewide Communities Dev Auth

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