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Carilion Clinic Obligated Group, VA 'A+' Revenue Bond Rating Outlook Revised To Stable Sep 11
Standard & Poors, Sep 2011
Abstract
NEW YORK (Standard & Poor's) Sept. 16, 2011--Standard & Poor's Ratings Services revised the outlook on its 'A+' long-term rating and underlying rating (SPUR) on Roanoke Economic Development Authority, Va.'s and Virginia Small Business Finance Authority's health care revenue bonds, issued for Carilion Clinic Obligated Group, Va., to stable from negative. The outlook revision reflects Standard & Poor's opinion of the system's substantial operational improvement and maintenance of, what Standard & Poor's considers, a strong business position and balance sheet. Standard & Poor's also affirmed its 'A-1+' and 'A-1' short-term ratings on various bonds backed by standby bond purchase agreements. 'We believe Carilion's considerable operational improvement and our expectation that the improvement initiatives in place, which contributed to a return...
Companies mentioned in this report are: Carilion Clinic Obligated Grp,Roanoke Econ Dev Auth,Virginia Small Business Fin Auth
Action: Affirmed
Action: Outlook: Stable
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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