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Parkview Health, IN Bonds Rated 'A+' Nov 01 Product Image

Parkview Health, IN Bonds Rated 'A+' Nov 01

  • Published: November 2001
  • Standard & Poors

Abstract
NEW YORK (Standard & Poor's) Oct. 30, 2001--Standard & Poor's today assigned its single-'A'-plus rating to the Indiana Health Facilities Finance Authority's $70 million hospital revenue refunding bonds, series 2001A, and $150 million hospital revenue bonds, series 2001B and series 2001C, issued for Parkview Health. The bonds are expected to receive a triple-'A' 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...

Companies mentioned in this report are: Parkview Hlth Sys Oblig Grp,Indiana Hlth Fac Fin Auth
Action: New Rating

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Parkview Hlth Sys Oblig Grp,Indiana Hlth Fac Fin Auth

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