Franciscan Missionaries of Our Lady Health System, LA's $212 Million Series 2015A Bonds Assigned 'A+' Rating

CHICAGO (Standard&Poor's) Feb. 19, 2015--Standard&Poor's Ratings Services assigned its 'A+' long-term rating to the Louisiana Public Facilities Authority 's series 2015A bonds issued for Franciscan Missionaries of Our Lady Health System (FMOLHS). At the same time, we affirmed our 'A+' long-term rating and underlying rating (SPUR), where applicable, on bonds previously issued for FMOLHS. The outlook is stable. Standard&Poor's withdrew its rating on FMOLHS' series 2005B bonds because they were purchased by a financial institution. "The 'A+' rating reflects our view of FMOLHS' solid enterprise profile, strong balance sheet metrics, and seasoned management team," said Standard&Poor's credit analyst Santo Barretta. Proceeds from the series 2015A bonds will be used to partly refund

...CHICAGO (Standard & Poor's) Feb. 19, 2015--Standard & Poor's Ratings Services assigned its 'A+' long-term rating to the Louisiana Public Facilities Authority 's series 2015A bonds issued for Franciscan Missionaries of Our Lady Health System (FMOLHS). At the same time, we affirmed our 'A+' long-term rating and underlying rating (SPUR), where applicable, on bonds previously issued for FMOLHS. The outlook is stable. Standard & Poor's withdrew its rating on FMOLHS' series 2005B bonds because they were purchased by a financial institution. "The 'A+' rating reflects our view of FMOLHS' solid enterprise profile, strong balance sheet metrics, and seasoned management team," said Standard & Poor's credit analyst Santo Barretta. Proceeds from the series 2015A bonds will be used to partly refund the system's series 2005A and fully refund its series 2009A bonds for interest cost savings with the same maturities. The stable outlook reflects our expectation that FMOLHS will implement its stabilization...

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