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Summary: Nash Health Care Systems, North Carolina; Hospital Feb 12
Standard & Poors, February 2012
Standard & Poor's Ratings Services has assigned its 'A' long-term rating to the $70 million series 2012 bonds issued by and for Nash Health Care Systems (Nash), N.C. 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 market share and...
Companies mentioned in this report are: Nash Hlth Care Systems
Action: New Rating
Action: Outlook: Stable
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Nash Hlth Care Systems