Colorado Health Facilities Authority Valley View Hospital; Hospital

S&P Global Ratings assigned its 'A-' long-term rating to the Colorado Health Facilities Authority's $40.99 million series 2017A fixed-rate revenue bonds. In addition, S&P Global Ratings affirmed its 'A-' long-term rating on the authority's 2008 and 2015 hospital revenue bonds. All bonds were issued for Valley View Hospital (VVH). The outlook is stable. The proceeds from the series 2017A bonds, along with an anticipated premium, will refund the series 2008 bonds, at which time S&P Global Ratings will withdraw its rating on the series. 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 solid financial performance, although margins have declined somewhat since fiscal 2014,

...S&P Global Ratings assigned its 'A-' long-term rating to the Colorado Health Facilities Authority's $40.99 million series 2017A fixed-rate revenue bonds. In addition, S&P Global Ratings affirmed its 'A-' long-term rating on the authority's 2008 and 2015 hospital revenue bonds. All bonds were issued for Valley View Hospital (VVH). The outlook is stable. The proceeds from the series 2017A bonds, along with an anticipated premium, will refund the series 2008 bonds, at which time S&P Global Ratings will withdraw its rating on the series. 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 solid financial performance, although margins have declined somewhat since fiscal 2014, and its marked liquidity and financial flexibility, including satisfactory maximum annual debt service (MADS) coverage. The enterprise profile exhibits a robust payer mix offset by very limited economic fundamentals as...

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