North Carolina Local Government Commission Nash Health Care Systems; Hospital Feb 12
Standard & Poors, February 2012
Abstract
Standard & Poor's Ratings Services has assigned its 'A' long-term rating to $70 million series 2012 bonds issued by the North Carolina Local Government Commission for Nash Health Care Systems (Nash). The outlook is stable. Nash has a very strong balance sheet, in our view, which provides a good cushion at this rating level. The system has a fundamentally good location and market share, in our opinion; however, the area has high unemployment and a history of being underserved by physicians, partly due to its largely rural and agriculture-oriented characteristics. We expect the bond-financed projects, management's strategy to partner with academic medical centers to provide higher acuity services, and an increasing openness to hire physicians will likely solidify Nash's future...
Companies mentioned in this report are: Nash Hlth Care Sys,North Carolina Local Govt Comm
Action: New Rating
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
Nash Hlth Care Sys,North Carolina Local Govt Comm
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