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Outlook Revised To Stable On NorthBay Healthcare System Obligated Group, CA Debt On Improved Operations Feb 13 Product Image

Outlook Revised To Stable On NorthBay Healthcare System Obligated Group, CA Debt On Improved Operations Feb 13

  • ID: 2416857
  • February 2013
  • Standard & Poors

FEATURED COMPANIES

  • Intercomnty Hosp Fin Auth
  • MORE

Abstract
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: Affirmed
Action: Outlook: Stable

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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

- Northbay Hlthcare Sys Obligated Group
- Intercomnty Hosp Fin Auth

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