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Ascension Health, MO Bonds Rated 'AA' Nov 01
Standard & Poors, Nov 2001
Abstract
NEW YORK (Standard & Poor's) Nov. 28, 2001--Standard & Poor's today assigned its double-'A'/'A-1'-plus rating to the Indiana Health Facility Financing Authority's $505 million revenue bonds, series 2001A, issued for Ascension Health, Mo. In addition, Standard & Poor's affirmed all of its ratings and underlying ratings (SPURS) on the outstanding debt issued for Ascension Health. 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...
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: 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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