New Jersey Health Care Facilities Fin Auth/Christian Health Care Center BBB Rating Affirmed - S&P Global Ratings’ Credit Research

New Jersey Health Care Facilities Fin Auth/Christian Health Care Center BBB Rating Affirmed

New Jersey Health Care Facilities Fin Auth/Christian Health Care Center BBB Rating Affirmed - S&P Global Ratings’ Credit Research
New Jersey Health Care Facilities Fin Auth/Christian Health Care Center BBB Rating Affirmed
Published Feb 11, 1999
667 words — Published Feb 11, 1999
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About This Report

  
Abstract:

NEW YORK -- Standard&Poor's CreditWire Feb. 11, 1999-–Standard&Poor's today affirmed its triple-'B' rating on New Jersey Health Care Facilities Financing Authority's $21 million revenue and refunding bonds series 1997A, issued for Christian Health Care Center. The rating reflects a diversified service offering in long-term care and mental health, strong demand for services, profitable operations, and moderate liquidity. Mitigating factors include weak debt service coverage, significant leverage, and project risk with a new assisted living center. Christian Health Care Center has an 87-year history and is located on an 81-acre, Bergen County campus. Services provided include skilled nursing, residential health care, senior housing, adult-day care, psychiatric care, specialized long-term care for behavior management (one of only two

  
Brief Excerpt:

RESEARCH New Jersey Health Care Facilities Fin Auth/Christian Health Care Center ### Rating Affirmed Publication date: 11-Feb-1999 NEW YORK -- Standard & Poor's CreditWire Feb. 11, 1999-ûStandard & Poor's today affirmed its triple-'B'...

  
Report Type:

Ratings Action

Issuer
New Jersey Hlth Care Facs Fincg Auth
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "New Jersey Health Care Facilities Fin Auth/Christian Health Care Center BBB Rating Affirmed" Feb 11, 1999. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/New-Jersey-Health-Care-Facilities-Fin-Auth-Christian-Health-Care-Center-BBB-Rating-Affirmed-93178>
  
APA:
S&P Global Ratings’ Credit Research. (). New Jersey Health Care Facilities Fin Auth/Christian Health Care Center BBB Rating Affirmed Feb 11, 1999. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/New-Jersey-Health-Care-Facilities-Fin-Auth-Christian-Health-Care-Center-BBB-Rating-Affirmed-93178>
  
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