Oroville Hospital, CA Series 2019 Revenue Bond Rating Lowered To 'B' On Financial Flexibility - S&P Global Ratings’ Credit Research

Oroville Hospital, CA Series 2019 Revenue Bond Rating Lowered To 'B' On Financial Flexibility

Oroville Hospital, CA Series 2019 Revenue Bond Rating Lowered To 'B' On Financial Flexibility - S&P Global Ratings’ Credit Research
Oroville Hospital, CA Series 2019 Revenue Bond Rating Lowered To 'B' On Financial Flexibility
Published Sep 29, 2023
2 pages (1029 words) — Published Sep 29, 2023
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

CHICAGO (S&P Global Ratings) Sept. 29, 2023--S&P Global Ratings lowered its long-term rating to 'B' from 'B+' on the City of Oroville, Calif.'s series 2019 revenue bonds, issued for Oroville Hospital (Oroville). The outlook is negative. "The rating action reflects our view of the hospital's vulnerable balance sheet, which limits financial flexibility at a time of performance challenges and which we believe could experience more pressure as the new tower opens in spring 2024," said S&P Global Ratings credit analyst Suzie Desai. The negative outlook reflects our view that Oroville has little financial cushion given our view of the fluctuating and vulnerable liquidity.

  
Brief Excerpt:

...September 29, 2023 CHICAGO (S&P Global Ratings) Sept. 29, 2023--S&P Global Ratings lowered its long-term rating to 'B' from 'B+' on the City of Oroville, Calif.'s series 2019 revenue bonds, issued for Oroville Hospital (Oroville). The outlook is negative. "The rating action reflects our view of the hospital's vulnerable balance sheet, which limits financial flexibility at a time of performance challenges and which we believe could experience more pressure as the new tower opens in spring 2024," said S&P Global Ratings credit analyst Suzie Desai. The negative outlook reflects our view that Oroville has little financial cushion given our view of the fluctuating and vulnerable liquidity....

  
Report Type:

Ratings Action

Issuer
Oroville Hospital
Sector
Public Finance
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Oroville Hospital, CA Series 2019 Revenue Bond Rating Lowered To 'B' On Financial Flexibility" Sep 29, 2023. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Oroville-Hospital-CA-Series-2019-Revenue-Bond-Rating-Lowered-To-B-On-Financial-Flexibility-3062511>
  
APA:
S&P Global Ratings’ Credit Research. (). Oroville Hospital, CA Series 2019 Revenue Bond Rating Lowered To 'B' On Financial Flexibility Sep 29, 2023. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Oroville-Hospital-CA-Series-2019-Revenue-Bond-Rating-Lowered-To-B-On-Financial-Flexibility-3062511>
  
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