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Douglas County, Minnesota Douglas County Hospital; Hospital Mar 12

  • ID: 2083556
  • March 2012
  • Region: Minnesota
  • Standard & Poors
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  • Douglas Cnty
  • Douglas Cnty Hosp
  • MORE

Standard & Poor's Ratings Services has affirmed its 'BBB-' rating on Douglas County, Minn.'s $24.9 million fixed-rate series 2008 bonds, issued for Douglas County Hospital (DCH). The outlook is stable. The affirmation reflects our opinion of the hospital's adequate operating performance, although softer than in previous years, good balance sheet, strong market position, and declining utilization. Douglas County Hospital is considering a strategic opportunity that may involve additional debt, which we will evaluate at the time of issuance. We believe the hospital has additional, although limited, debt capacity at the current rating level. More specifically, the 'BBB-' rating reflects our view of the hospital's: Adequate financial results for the year ended Dec. 31, 2011, (unaudited) with an operating margin of...

Companies mentioned in this report are:
- Douglas Cnty Hosp
- Douglas Cnty

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

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- Douglas Cnty Hosp
- Douglas Cnty

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