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Ascension Health, Missouri; Health Care, CP; Health Care, Hospital; Health Care, System May 01
Standard & Poors, May 2001
Abstract
The rating affirmation on Ascension Health, Mo.'s bonds 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; A conservative investment policy-with only 46% equities, versus 54% fixed-income securities (or cash), 35% of which are U.S.-government securities-which has allowed Ascension Health to dodge current market declines with a real, though modest, decline in overall liquidity and related ratios, compared to last fiscal-year end; Improved operating performance and business...
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: Full Analysis
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