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S&P Credit Research628 word report
published Apr 13, 2005
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| Abstract: | 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 Obligated Group, Mich. In addition, Standard&Poor's assigned its 'A+' rating to Michigan State Hospital Finance Authority's $93 million series 2005 hospital revenue and refunding bonds, issued for Sparrow Obligated Group. The outlook is stable. "The rating reflects continued solid operating and profit margins, producing strong pro forma maximum annual debt service of 5.7x as of the unaudited fiscal year ended Dec. 31, 2004; a good business position with a leading 60% market share in the competitive Lansing, Mich. service area;
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| Brief Excerpt: | RESEARCH Ratings Definitions Sparrow Obligated Group, Mich. Rating Raised To 'A+'; Outlook Stable Publication date: 13-Apr-2005 CHICAGO (Standard & Poor's) April 13, 2005--Standard & Poor's Ratings Services said it raised its rating...
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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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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 ...
- 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 ...
