Summary: Pell City Special Care Facilities Financing Authority, Alabama Noland Health Services; Long Term Care Feb 12
- Language: English
- Published: February 2012
- Region: Alabama
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
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.
Noland Hlth Services,Pell City Spl Care Facs Fincg Auth