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Summary: North Carolina Medicare Care Commission Mission Health Inc.; System Jan 12 Product Image

Summary: North Carolina Medicare Care Commission Mission Health Inc.; System Jan 12

  • Published: January 2012
  • Region: North Carolina
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services has affirmed its 'AA' long-term rating on North Carolina Medicare Care Commission's health care system revenue bonds, issued for Mission Health Inc. (MHS). Standard & Poor's also affirmed its 'AA/A-1' rating on the commission's $10 million series 2003 variable-rate demand health system refunding revenue bonds, also issued for MHS. The outlook on the ratings is stable. We based the short-term rating component on the series 2003 bonds on our view of a standby bond purchase agreement (SBPA) with BB&T Corp. (A/Stable/A-1). In our opinion, MHS continues to enjoy an excellent market position, good patient utilization, favorable operating and excess margins, and robust debt service coverage. The system's balance sheet also remains strong, in our view,...

Companies mentioned in this report are: Mission Hlth Inc,North Carolina Med Care Comm
Action: Affirmed
Action: Outlook: Stable

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Mission Hlth Inc,North Carolina Med Care Comm

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