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Ascension Health, Missouri; Pf Structured, Insured Liquidity; Revenue - Health Care, CP; Revenue - Health Care, System May 00
Standard & Poors, May 2000
Abstract
The Ascension Health system was formed by the combination of the Daughters of Charity National Health System and the Michigan-based Sisters of St. Joseph in August 1999. The vast majority of the Ascension Health system participates in the Ascension Health Credit Group. The long-term rating on Puerto Rico Industrial, Tourist, Educational, Medical, and Environmental Control Facilities Financing Authority's bonds, issued on behalf of Ascension Health, Mo.'s Hospital De La Concepcion Project, reflects: Considerable geographic and financial dispersion among system members; An excellent financial profile highlighted by light leverage, strong liquidity, and abundant cash flow; and Improved performance through nine months in fiscal 2000 after disappointing operating results in fiscal 1999; and Strong management that operates the system though a lean...
Companies mentioned in this report are: Ascension Health Alliance
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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