- Language: English
- 70 Pages
- Published: June 2013
- Region: United Kingdom
Dauphin County General Authority, Pennsylvania Pinnacle Health System; Hospital; System Jul 12
- Published: July 2012
- Region: Pennsylvania
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'A' rating and stable outlook to Dauphin County General Authority, Pa.'s series 2012 health system revenue bonds, issued for Pinnacle Health System (PHS), and affirmed its 'A' rating, with a stable outlook, on the authority's series 2009A revenue bonds, issued for Pinnacle Health. The rating reflects our assessment of PHS' significant turnaround in operations over a two-year period with continued improvement expected over the longer term due to several cost-cutting initiatives; revenue enhancement; and, in particular, physician recruitment. PHS' aggressive expansion plan, however, gives them no room for any materially negative financial deviations during the outlook period; should operations or unrestricted reserves decrease, a negative rating action could be possible. PHS reported slim...
Companies mentioned in this report are: Pinnacle Hlth Sys,Dauphin Cnty Gen Auth
Action: New Rating
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Research Type: Full Analysis
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Pinnacle Hlth Sys,Dauphin Cnty Gen Auth