Outlook Revised To Stable On NorthBay Healthcare System Obligated Group, CA Debt On Improved Operations Feb 13
- ID: 2416857
- February 2013
- Standard & Poors
SAN FRANCISCO (Standard & Poor's) Feb. 15, 2013--Standard & Poor's Ratings Services revised its rating outlook to stable from negative and affirmed its BBB-' long-term rating and underlying rating (SPUR) on Intercommunity Hospital Finance Authority, Calif.'s series 1998 certificates of participation, issued on behalf of the NorthBay Healthcare System Obligated Group (NorthBay). "The outlook revision reflects our assessment of NorthBay's improved operating performance in unaudited fiscal year 2012 driven by stronger volumes and cost controls implemented by management," said Standard & Poor's credit analyst Kenneth Gacka. In addition, NorthBay's balance sheet remains strong, with a fairly low amount of debt, and we expect this to continue to be the case through the outlook period given a change in project plans....
Companies mentioned in this report are:
- Northbay Hlthcare Sys Obligated Group
- Intercomnty Hosp Fin Auth
Action: Outlook: Stable
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