Summary: Sutter Hlth Sys, CA; Health Care, Hospital; Health Care, System Jun 03
- ID: 2045300
- June 2003
- Standard & Poors
The 'A+' ratings on Sutter Health's approximately $1.35 billion in revenue bonds outstandingissued for Sutter by the California Health Facilities Finance Authority, the California Statewide Communities Development Authority, and the City of Modestoare based on: Continued strong financial results in first quarter 2003; Sutter's solid market position in northern California, with 30 hospitals providing significant revenue diversity and risk dispersion; and Sustained improvement at previously under-performing facilities Offsetting credit factors include a balance sheet that is still relatively weak for this rating level. Additional credit concerns include some challenging labor relationships, as well as ongoing turnaround efforts at Sutter St. Luke. Sutter Health's first quarter 2003 results show continued strong results with operating and excess margins of 6.6% and 7.4%...
Companies mentioned in this report are:
- Sutter Hlth
- California Hlth Facs Fincg Auth
- California Statewide Communities Dev Auth
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