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Ascension Health, MO Bonds 'AA' and 'AA'/'A-1+' Ratings Affirmed Mar 01
Standard & Poors, March 2001
Abstract
NEW YORK (Standard & Poor's CreditWire) March 1, 2001--Standard & Poor's today affirmed its double-'A' and double-'A'/'A-1'-plus ratings 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 commercial paper notes issued for Ascension Health. The rating affirmation incorporates a review of Ascension Health's mid-year interim results and reflects: -- Considerable geographic and financial dispersion among system members; -- A solid financial profile, highlighted by light leverage, strong liquidity, and abundant cash flow; -- Improved operating performance in the first half of fiscal 2001, versus the prior year, although lower investment returns led to slightly weaker excess income for the period; -- An improved...
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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