| Title: | SSM Health Care System, Missouri; System |
| Price: | $400.00 |
| Publication Date: | May 09, 2008 |
| Report Type: | Full Report |
| Abstract: | Standard&Poor's Ratings Services assigned its 'AA-' rating to Missouri Health and Educational Facilities Authority's series 2008A bonds issued for SSM Health Care System (SSMHC). At the same time, Standard&Poor's affirmed its 'A-' long-term rating on the authority's debt previously issued for the system. The rating reflects: A good balance sheet characterized by pro forma cash on hand of 209 days, pro forma leverage of 41%, and a pro forma cash-to-pro forma debt ratio of 132% as of Feb. 29, 2008; Strong historical operating levels with a 4.2% operating margin as of unaudited fiscal year ended Dec. 31, 2007, compared with 2.6% for the same period in 2006; A solid business base in diversified markets located primarily |
| Brief Excerpt: | RESEARCH Ratings Definitions SSM Health Care System, Missouri; System Publication date: ##-May-#### Primary Credit Analyst: Brian T Williamson, Chicago (#) ###-###-####; brian_williamson@standardandpoors.com Secondary Credit Analyst:... |
| Word Count: | 1093 |
| Issuer: | SSM Hlth Care Sys |
| Sector: | Global Issuers, Public Finance, Financial Institutions |
| Country: | United States |
| Region: | United States |
| Format: | 
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