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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

  • Published: 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

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