...Standard & Poor's Ratings Services assigned its 'A-' long-term rating to the Colorado Health Facilities Authority's $45 million 2015 hospital revenue bonds. At the same time, Standard & Poor's affirmed its 'A-' long-term rating and underlying rating (SPUR) on the authority's 2006, 2007, and 2008 hospital revenue bonds. All bonds were issued for Valley View Hospital (VVH). The outlook is stable. We have assessed VVH's financial profile as strong and its enterprise profile as adequate. The strong financial profile is supported by our view of VVH's robust financial performance and its marked liquidity and financial flexibility, including satisfactory pro forma debt service coverage at maximum annual debt service (MADS). The enterprise profile exhibits a robust payor mix offset by very limited economic fundamentals as a result of the size of the population in the primary service area, located about 160 miles west of Denver. We think these combined credit factors lead to an indicative rating...
