Chester County Health and Education Facilities Authority, Pennsylvania Main Line Health System; System - S&P Global Ratings’ Credit Research

Chester County Health and Education Facilities Authority, Pennsylvania Main Line Health System; System

Chester County Health and Education Facilities Authority, Pennsylvania Main Line Health System; System - S&P Global Ratings’ Credit Research
Chester County Health and Education Facilities Authority, Pennsylvania Main Line Health System; System
Published Dec 21, 2022
8 pages (3586 words) — Published Dec 21, 2022
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings lowered its long-term rating to 'AA-' from 'AA' on the Chester County Health and Education Facilities Authority, Pa.'s debt issued for Main Line Health System (MLH). The outlook is stable. MLH is the parent company of Main Line Health. The rating action reflects our view of MLH's sizable operating losses in fiscal 2022 and the first three months of fiscal 2023 with an anticipated operating loss for full fiscal 2023 after variable performance in recent years, combined with a weakened balance sheet resulting from a decline in unrestricted reserves, resulting in metrics no longer commensurate with the 'AA' rating. Gross revenue from the obligated group, which consists of Main Line Health System, Main Line Health Inc., Main

  
Brief Excerpt:

...+ S&P Global Ratings lowered its long-term rating to '##-' from '##' on the Chester County Health and Education Facilities Authority, Pa.'s debt issued for Main Line Health System (MLH). + The outlook is stable. + MLH is the parent company of Main Line Health. + The rating action reflects our view of MLH's sizable operating losses in fiscal 2022 and the first three months of fiscal 2023 with an anticipated operating loss for full fiscal 2023 after variable performance in recent years, combined with a weakened balance sheet resulting from a decline in unrestricted reserves, resulting in metrics no longer commensurate with the '##' rating....

  
Report Type:

Full Report

Issuer
Main Line Health System
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
Buy Now

More from S&P Global Ratings’ Credit Research

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.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Chester County Health and Education Facilities Authority, Pennsylvania Main Line Health System; System" Dec 21, 2022. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Chester-County-Health-and-Education-Facilities-Authority-Pennsylvania-Main-Line-Health-System-System-2931779>
  
APA:
S&P Global Ratings’ Credit Research. (). Chester County Health and Education Facilities Authority, Pennsylvania Main Line Health System; System Dec 21, 2022. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Chester-County-Health-and-Education-Facilities-Authority-Pennsylvania-Main-Line-Health-System-System-2931779>
  
US$ 500.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.