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S&P Credit Research729 word report
published Mar 27, 2007
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| Abstract: | CHICAGO (Standard&Poor's) March 27, 2007--Standard&Poor's Ratings Services affirmed its 'A+' rating on Michigan State Hospital Finance Authority's series 2005 and 2001 hospital revenue and refunding bonds, issued on behalf of Sparrow Obligated Group. In addition, Standard&Poor's assigned its 'A+' rating to Michigan State Hospital Finance Authority's $139.185 million series 2007 hospital revenue and refunding bonds, also issued for Sparrow Obligated Group. The results reported are based on Sparrow Health System, the parent of Edward W. Sparrow Hospital, which is located in Lansing. The outlook is stable. "The system has experienced good operating and profit margins, which allowed for good pro forma maximum annual debt service coverage of 4.65x in the unaudited fiscal year ended
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| Brief Excerpt: | RESEARCH Ratings Definitions Sparrow Obligated Group, MI's $139M Revenue And Refunding Bonds Assigned 'A+' Rating Publication date: 27-Mar-2007 CHICAGO (Standard & Poor's) March 27, 2007--Standard & Poor's Ratings Services affirmed its...
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| Report Type: | Ratings Action
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| Issuer: | Sparrow Obligated Grp
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| Sector: | Public Finance
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| Country: | United States
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| Region: | United States
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| Free Sample: |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
Also from S&P Credit Research
- Summary: Michigan State Hospital Finance Authority Sparrow Obligated Group, Michigan; Hospital $175.00
Standard&Poor's Ratings Services affirmed its 'A+' long-term rating and underlying (SPUR) rating on the Michigan State Hospital Finance Authority's series 2007, 2005, and 2001 hospital revenue and refunding bonds, issued on behalf of Sparrow ...
- Sparrow Obligated Group, Michigan; Hospital $400.00
Standard&Poor's Ratings Services affirmed its 'A+' rating on Michigan State Hospital Finance Authority's series 2005 and 2001 hospital revenue and refunding bonds, issued on behalf of Sparrow Obligated Group. In addition, Standard&Poor's assigned ...
- Summary: Sparrow Obligated Group, Michigan; Hospital $175.00
Standard&Poor's Ratings Services affirmed its 'A+' rating on Michigan State Hospital Finance Authority's series 2005 and 2001 hospital revenue and refunding bonds, issued on behalf of Sparrow Obligated Group. In addition, Standard&Poor's assigned ...
- Summary: Sparrow Oblig Grp, MI; Health Care, Hospital $175.00
Standard&Poor's Ratings Services raised its rating to 'A+' from 'A' on Michigan State Hospital Finance Authority's series 2001 hospital revenue and refunding bonds, issued on behalf of Sparrow Obligated Group, Mich. In addition, Standard&Poor's ...
- Sparrow Obligated Group, Mich. Rating Raised To 'A+'; Outlook Stable $100.00
CHICAGO (Standard&Poor's) April 13, 2005--Standard&Poor's Ratings Services said it raised its rating to 'A+' from 'A' on Michigan State Hospital Finance Authority's series 2001 hospital revenue and refunding bonds, issued on behalf of Sparrow ...
- Summary: Sparrow Oblig Grp, MI; Health Care, Hospital $175.00
The 'A' rating on Michigan State Hospital Finance Authority's hospital revenue and refunding bonds series 2001, issued on behalf of Sparrow Obligated Group, reflects: Solid operating and profit margins; Good leverage position, with pro forma ...
- Sparrow Obligated Group, MI's Hosp Rev&Rfdg Bonds Series 2001 Rated 'A'; Outlook Positive $100.00
CHICAGO (Standard&Poor's) Sept. 24, 2001ùStandard&Poor's today assigned its single-'A' rating to Michigan State Hospital Finance Authority's $78.635 million hospital revenue and refunding bonds series 2001, issued on behalf of Sparrow Obligated ...
