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Children's Hospital in New Orleans, LA, Assigned 'AA-' Issuer Credit Rating Feb 12 Product Image

Children's Hospital in New Orleans, LA, Assigned 'AA-' Issuer Credit Rating Feb 12

  • ID: 2055003
  • February 2012
  • Standard & Poors

Abstract
CHICAGO (Standard & Poor's) Feb. 10, 2012--Standard & Poor's Ratings Services assigned its 'AA-' issuer credit rating to Children's Hospital in New Orleans (Children's), La. Children's sole member is Louisiana Children's Medical Center (LCMC), whose two entities are Children's and Touro Infirmary (BB+). The rating on Children's also incorporates the financial profile of the consolidated system, LCMC. The outlook is stable. "The 'AA-' rating reflects our view of Children's very strong balance sheet with no debt, strong liquidity, historically good excess income, and solid market position as the only stand-alone children's hospital in Louisiana with a dominant market share in the New Orleans metro area," said Standard & Poor's credit analyst Suzie Desai. "The 'AA-' rating also incorporates Children's smaller...

Companies mentioned in this report are: Children's Hospital
Action: New Rating
Action: Outlook: Stable

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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