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S&P Credit Research1454 word report
published Mar 28, 2007
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S&P Credit Research
| Abstract: | 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 'A+' rating on Sparrow's debt reflects: Continued good operating and profit margins, which produced good pro forma maximum annual debt service coverage of 4.65x for the unaudited fiscal year ended Dec. 31, 2006; A good business position
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| Brief Excerpt: | RESEARCH Ratings Definitions Sparrow Obligated Group, Michigan; Hospital Publication date: 28-Mar-2007 Current Ratings >> Credit Profile US$139.185 mil hlth rev bnds (Sparrow Obligated Grp) ser 2007 Long Term Rating A+/Stable New...
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| Report Type: | Full Report
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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 ...
- 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 ...
- 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 ...
