Farmington, New Mexico San Juan Regional Medical Center; Hospital Feb 13

  • ID: 2394055
  • February 2013
  • Region: Mexico, New Mexico
  • Standard & Poors
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  • Farmington
  • San Juan Regl Med Ctr
  • MORE

Standard & Poor's Ratings Services affirmed its 'A-' issuer credit rating (ICR) on  San Juan Regional Medical Center (SJRMC), N.M. The outlook is stable. While SJRMC continues to benefit from a sound balance sheet and business position, in our view, the past two fiscal years' operating results have only been adequate. Other rating risks continue to be the relative isolation and rural nature of SJRMC's business position. The 'A-' ICR reflects our view of SJRMC's: Strong market position as the only full-service hospital provider in its primary service area; Solid balance sheet, with 210 days' cash on hand, debt-to-capitalization of 22%, and 203% cash-to-long-term debt at fiscal year end; and Adequate financial performance in fiscal 2012 and year to date in...

Companies mentioned in this report are:
- San Juan Regl Med Ctr
- Farmington

Action: Affirmed

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.

Research Type: Full Analysis

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- San Juan Regl Med Ctr
- Farmington

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