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Ascension Health, MO Bonds 'AA' Rating Affirmed May 01
Standard & Poors, May 2001
Abstract
NEW YORK (Standard & Poor's CreditWire) May 16, 2001--Standard & Poor's today affirmed its double-'A' rating, its double-'A'/'A-1'-plus rating, and its double-'A' underlying rating (SPUR) on the outstanding bonds issued for Ascension Health, Mo. In addition, Standard & Poor's affirmed its 'A-1'-plus rating on the outstanding commercial-paper notes issued for Ascension Health. The rating affirmation incorporates a review of Ascension Health's nine-month-interim results for the period ended March 31, 2001, and reflects: -- Considerable geographic and financial dispersion among system members, but also a growing reliance on the Central Indiana Health System's strong performance to support the overall system; -- A solid financial profile, highlighted by a strong balance sheet, positive operating income, abundant cash flow, and debt-service coverage; --...
Companies mentioned in this report are: Ascension Health Alliance
Action: Affirmed
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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