Posted at 11:22 a.m., Friday, September 28, 2007
Standard & Poor's revises outlook on hospital bonds
Advertiser Staff
The ratings outlook for several special revenue bonds issued for Queen's Health System has been revised to stable from positive by Standard & Poor's Ratings Services. The agency also affirmed an A+ underlying rating."The revised rating reflects a very strong balance sheet, with maximum annual debt service coverage of 5.0X for fiscal 2007, and strong other operating revenue fueled by extensive property holdings," said S&P Credit Analyst Keith Dickinson. Emergency room and outpatient visits have been increasing, Dickinson noted.
