Parkview Health, Indiana; Health Care, Hospital Nov 01
- ID: 2127515
- November 2001
- Region: Indiana
- Standard & Poors
The Indiana Health Facilities Finance Authority's bonds, issued for Parkview Health, are expected to receive a 'AAA' rating, based on bond insurance. The rating reflects: A solid market position, Inpatient and outpatient growth, Solid bottom-line profitability, and Strong cash balances. Offsetting factors include losses at non-obligated affiliates, adequate operating-performance and project risk, and strong competition from a diversified health system that also provides comprehensive services in Parkview's primary service area. The proceeds of the bonds will be used to refinance series 1985B, series 1985C, series 1985D, and series 1989B bonds, originally issued in the amount of $45.0 million and $24.5 million, respectively, and to finance or reimburse Parkview for a portion of the cost of acquisition, construction, and equipping related...
Companies mentioned in this report are: Parkview Hlth Sys Oblig Grp,Indiana Hlth Fac Fin Auth
Action: New Rating
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Research Type: Full Analysis