|
|
 |
|
Viewing report
|
|
|
|
California Health Services Finance Authority Memorial Health Services; System Feb 12
Standard & Poors, Feb 2012
Abstract
Standard & Poor's Ratings Services affirmed its 'AA-' long-term rating on the series 2003A fixed-rate bonds and the 'AA-/A-1+' rating on the series 1991 and 1994 variable-rate demand bonds (VRDBs) issued by various authorities for Memorial Health Services (MemorialCare), Calif. The outlook is stable. The ratings reflect our view of MemorialCare's trend of consistently strong earnings and cash flow that has generated coverage of maximum annual debt service (MADS) that we consider very good. In addition, the ratings reflect our view of MemorialCare's good business position and its robust balance sheet highlighted by strong liquidity and low leverage. The 'A-1+' short-term component of the rating reflects our view of the ample liquidity and sufficiency of assets pledged by MemorialCare to...
Companies mentioned in this report are: Memorial Hlth Svcs,California Hlth Facs Fin Auth
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
|
|
|
|
