Summary: Ascension Hlth, MO; Health Care, CP; Health Care, Hospital; Health Care, System Nov 01
Standard & Poors, November 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 assignment and affirmation incorporate the expected issuance of $340 million of new-money bonds next month to fund the acquisition of all of the assets of the Baptist Health System, in Nashville, Tenn. The rating also incorporates numerous changes in the senior-management team, which took place in 2001. The stable outlook reflects Ascension Health's solid financial and operational profile, and management's demonstrated ability to adjust overall operations as needed to maintain performance....
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
Ascension Health Alliance,Indiana Hlth Fac Fin Auth
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