NEW YORK (Standard & Poor's) Nov. 9, 2010--Standard & Poor's Ratings Services assigned its 'A-' long-term rating on Pell City Special Care Facilities Financing Authority, Ala. $92.98 million series 2010A bonds issued for Noland Health Services Inc. (NHS) and affirmed its affirmed its 'A-' long-term rating on debt previously issued by the authority for NHS. The 'A-' rating reflects our assessment of NHS' strength as the largest owner and operator of long-term acute-care hospitals (LTACs) in Alabama, solid demand for both its LTACs and senior-living facilities, strong liquidity with no immediate future debt needs, and sufficient historical pro forma debt service coverage. Additional credit strengths include NHS' strong management team and very limited competition in the LTAC business due to...
Companies mentioned in this report are: Noland Hlth Services,Pell City Spl Care Facs Fincg Auth
Action: New Rating
Action: Outlook: Stable
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Research type: News
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