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Ascension Health Indiana Health Facility Financing Authority; Health Care, CP; Health Care, Hospital; Health Care, System Nov 01
Standard & Poors, Nov 2001
Abstract
A rating of 'AA/A-1+' rating is assigned to Indiana Health Facility Financing Authority's $505 million series 2001-A revenue bonds issued on behalf of Ascension Health, and all ratings on Ascension Health's outstanding debt are affirmed. The rating reflects: The maintenance of a solid operating profile, highlighted by improved operations in each of the past two years, which was led by sharply improved performance at three of Ascension Health's larger local health ministries (although a weak stock market has hurt overall cash flow); Considerable geographic and financial dispersion among system members, as Ascension Health remains the largest non-governmental not-for-profit health system in the country; A solid balance sheet, reflecting moderate pro forma debt levels, light debt service as a percentage of...
Companies mentioned in this report are: Ascension Health Alliance,Indiana Hlth Fac Fin Auth
Action: New Rating
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: Full Analysis
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