Huron Regional Medical Center, SD Rated 'A-'; Outlook Stable - S&P Global Ratings’ Credit Research

Huron Regional Medical Center, SD Rated 'A-'; Outlook Stable

Huron Regional Medical Center, SD Rated 'A-'; Outlook Stable - S&P Global Ratings’ Credit Research
Huron Regional Medical Center, SD Rated 'A-'; Outlook Stable
Published Mar 08, 2016
4 pages (1500 words) — Published Mar 08, 2016
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Abstract:

NEW YORK (Standard&Poor's) March 8, 2016--Standard&Poor's Ratings Services assigned its 'A-' issuer credit rating (ICR) to Huron Regional Medical Center (Huron). At the same time we affirmed our 'A-' long-term rating on South Dakota Health and Educational Facilities Authority's series 1994 bonds, issued for Huron. The outlook is stable. "We assessed the enterprise profile as adequate reflecting Huron's limited service area population, rural economy, and small medical staff, even as we also recognize that the executive team has done a very solid job of managing the facility within these constraints," said Standard&Poor's credit analyst Cynthia Keller. "We assessed the financial profile as very strong highlighted by significant unrestricted reserves, limited debt, stable cash flow,

  
Brief Excerpt:

...NEW YORK (Standard & Poor's) March 8, 2016--Standard & Poor's Ratings Services assigned its 'A-' issuer credit rating (ICR) to Huron Regional Medical Center (Huron). At the same time we affirmed our 'A-' long-term rating on South Dakota Health and Educational Facilities Authority's series 1994 bonds, issued for Huron. The outlook is stable. "We assessed the enterprise profile as adequate reflecting Huron's limited service area population, rural economy, and small medical staff, even as we also recognize that the executive team has done a very solid job of managing the facility within these constraints," said Standard & Poor's credit analyst Cynthia Keller. "We assessed the financial profile as very strong highlighted by significant unrestricted reserves, limited debt, stable cash flow, ample debt service coverage, and benefits from cost based Medicare reimbursement. Combined we think these credit factors lead to an indicative rating level of 'a-' and a final rating of 'A-'." In April Huron...

  
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Ratings Action

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Global Issuers, Public Finance
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MLA:
S&P Global Ratings’ Credit Research. "Huron Regional Medical Center, SD Rated 'A-'; Outlook Stable" Mar 08, 2016. Alacra Store. May 19, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Huron-Regional-Medical-Center-SD-Rated-A-Outlook-Stable-1592862>
  
APA:
S&P Global Ratings’ Credit Research. (). Huron Regional Medical Center, SD Rated 'A-'; Outlook Stable Mar 08, 2016. New York, NY: Alacra Store. Retrieved May 19, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Huron-Regional-Medical-Center-SD-Rated-A-Outlook-Stable-1592862>
  
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