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S&P Credit Research1328 word report
published Apr 14, 2005
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S&P Credit Research
| Abstract: | 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 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 coverage 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; and A good balance sheet, as evidenced
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| Brief Excerpt: | RESEARCH Ratings Definitions Summary: Sparrow Oblig Grp, MI; Health Care, Hospital Publication date: 14-Apr-2005 Credit Profile US$93. mil hlth rev bnds (Sparrow Oblig Grp) ser 2005 A+ Sale date: 20-APR-2005 UPGRADED To From Michigan...
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| Report Type: | Summary
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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 ...
- 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 ...
