Franciscan Missionaries of Our Lady Health System, Louisiana; System - S&P Global Ratings’ Credit Research

Franciscan Missionaries of Our Lady Health System, Louisiana; System

Franciscan Missionaries of Our Lady Health System, Louisiana; System - S&P Global Ratings’ Credit Research
Franciscan Missionaries of Our Lady Health System, Louisiana; System
Published May 18, 2023
10 pages (4432 words) — Published May 18, 2023
Price US$ 500.00  |  Buy this Report Now

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Abstract:

S&P Global Ratings revised the outlook to negative from positive and affirmed its 'A' long-term rating on Franciscan Missionaries of Our Lady Health System (FMOLHS), La.'s various revenue bonds. The outlook revision reflects our view of FMOLHS' deteriorating operational performance against the backdrop of a weakening balance sheet, inpatient market share loss in several markets, and upcoming near-term risks associated with growth strategies. Gross revenue of the obligated group secures the bonds. The rating reflects our view of FMOLHS' leading market position in three of its four major markets despite some recent softening, with a long-standing history of providing health care in south central Louisiana coupled with expansion into Mississippi in 2019. The system reported a sizable downturn in fiscal

  
Brief Excerpt:

...+ S&P Global Ratings revised the outlook to negative from positive and affirmed its 'A' long-term rating on Franciscan Missionaries of Our Lady Health System (FMOLHS), La.'s various revenue bonds. + The outlook revision reflects our view of FMOLHS' deteriorating operational performance against the backdrop of a weakening balance sheet, inpatient market share loss in several markets, and upcoming near-term risks associated with growth strategies....

  
Report Type:

Full Report

Issuer
Sector
Global Issuers, Public Finance, Structured Finance
Country
Region
Format:
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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.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Franciscan Missionaries of Our Lady Health System, Louisiana; System" May 18, 2023. Alacra Store. May 29, 2024. <http://www.alacrastore.com/s-and-p-credit-research/Franciscan-Missionaries-of-Our-Lady-Health-System-Louisiana-System-2988996>
  
APA:
S&P Global Ratings’ Credit Research. (). Franciscan Missionaries of Our Lady Health System, Louisiana; System May 18, 2023. New York, NY: Alacra Store. Retrieved May 29, 2024 from <http://www.alacrastore.com/s-and-p-credit-research/Franciscan-Missionaries-of-Our-Lady-Health-System-Louisiana-System-2988996>
  
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