Summary: National Jewish Med and Research Ctr, CO; Health Care, Hospital; Public Finance Structured, Joint Criteria Jan 05
- ID: 2086177
- January 2005
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'BBB' underlying rating (SPUR) to the Colorado Health Facility Authority's series 2005 adjustable rate revenue bonds, issued for the National Jewish Medical and Research Center (NJMRC). Additionally, Standard & Poor's affirmed its 'BBB' standard long-term rating on NJMRC's outstanding 1998 revenue bonds. The rating reflects: A solid financial profile highlighted by a sizeable liquidity position; A stable business position evidenced by the center's reputation and consistent ranking as one of the nation's top pulmonary care and research centers; and Continued success in obtaining federal grant money consistent with the center's heavy focus on research. These credit strengths are offset by risks related to historical operating losses at NJMRC resulting from the clinical and...
Companies mentioned in this report are:
- National Jewish Hlth
- Colorado Hlth Fac Auth
Action: New Rating
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