Summary: Tarrant County Cultural Educational Facilities Finance Corp., Texas   Hendrick Health System; Hospital - S&P Global Ratings’ Credit Research

Summary: Tarrant County Cultural Educational Facilities Finance Corp., Texas Hendrick Health System; Hospital

Summary: Tarrant County Cultural Educational Facilities Finance Corp., Texas   Hendrick Health System; Hospital - S&P Global Ratings’ Credit Research
Summary: Tarrant County Cultural Educational Facilities Finance Corp., Texas Hendrick Health System; Hospital
Published Jul 12, 2018
Published Jul 12, 2018
Price US$ 225.00  |  Buy this Report Now

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Abstract:

S&P Global Ratings affirmed its 'A' long-term and underlying rating (SPUR) on Tarrant County Cultural Education Facilities Finance Corp., Texas' series 2009A, 2009B, 2013, and 2015 bonds issued for Hendrick Health System. The outlook remains positive. The positive outlook continues to reflect Hendrick's very strong financial profile exemplified by growing unrestricted reserves, declining leverage, and maximum annual debt service (MADS) coverage consistently above 4.5x. Moreover, the outlook encompasses the recent completion of several capital projects designed to bolster and expand the system's market position, which has continued to recover from the tighter volumes and decline in market share that stemmed from a now-resolved payor contract dispute. Management continues to strengthen Hendrick's brand in the community and add access points beyond

  
Report Type:

Summary

Issuer
Hendrick Hlth Sys
Sector
Global Issuers, Public Finance
Country
Region
Format:
PDF Adobe Acrobat
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings 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.

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MLA:
S&P Global Ratings’ Credit Research. "Summary: Tarrant County Cultural Educational Facilities Finance Corp., Texas Hendrick Health System; Hospital" Jul 12, 2018. Alacra Store. Jul 20, 2018. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Tarrant-County-Cultural-Educational-Facilities-Finance-Corp-Texas-Hendrick-Health-System-Hospital-2070657>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Tarrant County Cultural Educational Facilities Finance Corp., Texas Hendrick Health System; Hospital Jul 12, 2018. New York, NY: Alacra Store. Retrieved Jul 20, 2018 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Tarrant-County-Cultural-Educational-Facilities-Finance-Corp-Texas-Hendrick-Health-System-Hospital-2070657>
  
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