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: Outlook: Stable
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
SHOW LESS READ MORE >