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Summary: Illinois Health Facilities Authority Centegra Health System; Hospital Mar 12 Product Image

Summary: Illinois Health Facilities Authority Centegra Health System; Hospital Mar 12

  • ID: 2091471
  • March 2012
  • Region: Illinois
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services affirmed its 'A-' long-term rating on the Illinois Health Facilities Authority's $61.770 million series 1998 fixed-rate revenue bonds and its 'A-' underlying rating on the authority's $46.325 million series 2002 variable-rate demand bonds, both issued for Centegra Health System (CHS). The outlook is stable. The 'A-' ratings reflect our assessment of CHS' strong business position within a growing service area and good unrestricted liquidity levels. Additional factors supporting the rating include our view of CHS': Solid business position in a growing service area in the far northwest suburbs of Chicago, characterized by a leading market share within the primary service area of 45%; Strong historical liquidity levels, with operational liquidity at 185 days' cash on...

Companies mentioned in this report are: Centegra Hlth Sys,Illinois Hlth Fac Auth
Action: Affirmed
Action: Outlook: Stable

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Centegra Hlth Sys,Illinois Hlth Fac Auth

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