Medical Center at Princeton Rev Bnds Rtd 'A' by S&P - S&P Global Ratings’ Credit Research

Medical Center at Princeton Rev Bnds Rtd 'A' by S&P

Medical Center at Princeton Rev Bnds Rtd 'A' by S&P - S&P Global Ratings’ Credit Research
Medical Center at Princeton Rev Bnds Rtd 'A' by S&P
Published Dec 01, 1997
Published Dec 01, 1997
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Abstract:

NY -- Standard&Poor's CreditWire 12/01/97 -- Standard&Poor's affirmed its single-'A' rating to New Jersey Health Care Facility Finance Authority's revenue bonds issued for Medical Center at Princeton. The rating reflects a stable financial profile tempered only by a relatively high debt burden for a single-'A' rated credit, dominant market position, and increasing managed care penetration. Princeton's admission base has been stable for five years at almost 13,000 while outpatient and home health visits have grown. Princeton's revenue base is diversified as reflected by their bed complement - 286 acute care, 76 long-term care, 17 rehabilitation, and 70 psychiatry and substance abuse beds. The operating and excess margins have been stable at around 1.7% and 2.7%, respectively,

  
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Ratings Action

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Global Issuers, Public Finance
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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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MLA:
S&P Global Ratings’ Credit Research. "Medical Center at Princeton Rev Bnds Rtd 'A' by S&P" Dec 01, 1997. Alacra Store. May 17, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Medical-Center-at-Princeton-Rev-Bnds-Rtd-A-by-S-P-10300>
  
APA:
S&P Global Ratings’ Credit Research. (). Medical Center at Princeton Rev Bnds Rtd 'A' by S&P Dec 01, 1997. New York, NY: Alacra Store. Retrieved May 17, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Medical-Center-at-Princeton-Rev-Bnds-Rtd-A-by-S-P-10300>
  
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