Summary: Parkview Health System Obligated Group, Indiana; System Jan 08
- ID: 2127837
- January 2008
- Region: Indiana
- Standard & Poors
Standard & Poor's Ratings Services affirmed its 'A+' underlying rating (SPUR) on Fort Wayne Hospital Authority, Ind.'s $62.8 million series 1998 bonds, and Indiana Health and Educational Facility Financing Authority's $398.0 million series 2001 and 2005 bonds, all issued for Parkview Health System Obligated Group. The rating reflects: Very strong levels of liquidity both on a days' cash on hand basis and relative to outstanding debt; Increasingly competitive market place, which has forced Parkview to strategically realign the location of its main facility and spend significant capital dollars; although this will result in a much lower level of liquidity in the future, the remaining balances should be sufficient to maintain the rating at its current level; and Solid and continually...
Companies mentioned in this report are: Parkview Hlth Sys Oblig Grp,Fort Wayne Hosp Auth,Indiana Hlth & Educl Fac Fincg Auth
Action: Outlook: Stable
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