Richmond Hospital Authority, Indiana   Reid Hospital; Hospital - S&P Global Ratings’ Credit Research

Richmond Hospital Authority, Indiana Reid Hospital; Hospital

Richmond Hospital Authority, Indiana   Reid Hospital; Hospital - S&P Global Ratings’ Credit Research
Richmond Hospital Authority, Indiana Reid Hospital; Hospital
Published May 28, 2021
9 pages (3768 words) — Published May 28, 2021
Price US$ 500.00  |  Buy this Report Now

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Abstract:

S&P Global Ratings' long-term rating on Richmond Hospital Authority, Ind.'s $92 million series 2015A fixed-rate bonds issued for Reid Hospital (doing business as Reid Health) is 'A-'. The outlook is stable. The rating reflects Reid's dominant market share, although the hospital operates in a comparatively limited primary service area (PSA); solid maximum annual debt service (MADS) coverage; strong days' cash on hand (DCOH); and low average age of plant. The rating also incorporates Reid's successful integration of Reid Health Connersville (formerly known as Fayette Regional Health System), which joined the system in mid-2019. The rating includes Reid's high reliance on governmental payors, which is expected to continue over the outlook period. Reid, along with most industry participants, experienced challenges from

  
Brief Excerpt:

...S&P Global Ratings' long-term rating on Richmond Hospital Authority, Ind.'s $92 million series 2015A fixed-rate bonds issued for Reid Hospital (doing business as Reid Health) is 'A-'. The outlook is stable....

  
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Full Report

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Public Finance
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MLA:
S&P Global Ratings’ Credit Research. "Richmond Hospital Authority, Indiana Reid Hospital; Hospital" May 28, 2021. Alacra Store. Feb 12, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Richmond-Hospital-Authority-Indiana-Reid-Hospital-Hospital-2657085>
  
APA:
S&P Global Ratings’ Credit Research. (). Richmond Hospital Authority, Indiana Reid Hospital; Hospital May 28, 2021. New York, NY: Alacra Store. Retrieved Feb 12, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Richmond-Hospital-Authority-Indiana-Reid-Hospital-Hospital-2657085>
  
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