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Summary: Intercommunity Hospital Finance Authority, California NorthBay Healthcare System Obligated Group; Hospital Feb 13 Product Image

Summary: Intercommunity Hospital Finance Authority, California NorthBay Healthcare System Obligated Group; Hospital Feb 13

  • Published: February 2013
  • Region: California
  • Standard & Poors

FEATURED COMPANIES

  • Intercomnty Hosp Fin Auth
  • MORE

Abstract
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 (COPs), 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. 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. Since the time of our last report, management has decided to forgo its planned...

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. READ MORE >

- Northbay Hlthcare Sys Obligated Group
- Intercomnty Hosp Fin Auth

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