Huron Regional Medical Center Inc., South Dakota; Hospital - S&P Global Ratings’ Credit Research

Huron Regional Medical Center Inc., South Dakota; Hospital

Huron Regional Medical Center Inc., South Dakota; Hospital - S&P Global Ratings’ Credit Research
Huron Regional Medical Center Inc., South Dakota; Hospital
Published Mar 21, 2008
1162 words — Published Mar 21, 2008
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Abstract:

Standard&Poor's Ratings Services raised its long-term rating to 'A-' from 'BBB+' on South Dakota Health and Educational Facilities Authority's $3.5 million series 1994 bonds and $4.4 million series 2005 bonds, issued for Huron Regional Medical Center Inc. Although it is unusual to have a critical-care-access hospital included in the 'A' category, Huron's consistent operating performance, sizable investment income, and overwhelmingly strong balance sheet support the 'A-' rating. The outlook is stable. Additional rating factors include Huron's: Market share of 65.6% within its primary service area; Continued operating income strength, generating excellent debt service coverage of 7.1x for fiscal 2007, ended June 30, and 6.4x for the seven-month interim period ended Jan. 31, 2008; Days' cash on hand of

  
Brief Excerpt:

RESEARCH Huron Regional Medical Center Inc., South Dakota; Hospital Publication date: 21-Mar-2008 Primary Credit Analyst: Keith I Dickinson, San Francisco (1) 415-371-5036; keith_dickinson@standardandpoors.com Secondary Credit Analyst:...

  
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Full Report

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Global Issuers, Public Finance
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MLA:
S&P Global Ratings’ Credit Research. "Huron Regional Medical Center Inc., South Dakota; Hospital" Mar 21, 2008. Alacra Store. May 19, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Huron-Regional-Medical-Center-Inc-South-Dakota-Hospital-637978>
  
APA:
S&P Global Ratings’ Credit Research. (). Huron Regional Medical Center Inc., South Dakota; Hospital Mar 21, 2008. New York, NY: Alacra Store. Retrieved May 19, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Huron-Regional-Medical-Center-Inc-South-Dakota-Hospital-637978>
  
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