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S&P Credit Research640 word report
published Sep 24, 2001
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| Abstract: | 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 Group. The bonds are scheduled to sell Sept. 26, 2001. The outlook is positive. The rating reflects: -- Solid operating and profit margins; -- Good leverage position, with pro forma debt-to-capitalization of 35%; and -- Solid pro forma maximum annual debt service of 2.94 times (x). Offsetting factors include a low, but increasing, liquidity position on a pro forma basis. Results reported are based on Sparrow Health System, a parent of Edward W. Sparrow Hospital, which is located in Lansing, Mich. Sparrow Health System consists
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| Brief Excerpt: | RESEARCH Ratings Definitions Sparrow Obligated Group, MI's Hosp Rev & Rfdg Bonds Series 2001 Rated 'A'; Outlook Positive Publication date: 24-Sep-2001 CHICAGO (Standard & Poor's) Sept. 24, 2001ùStandard & Poor's today assigned its single-'A'...
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| Report Type: | Ratings Action
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| Issuer: | Sparrow Obligated Grp
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| Sector: | Financial Institutions, Global Issuers, 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 ...
- Sparrow Obligated Group, MI's $139M Revenue And Refunding Bonds Assigned 'A+' Rating $100.00
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 ...
- 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 ...
