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S&P Rates NJ Hlth Care Auth/Christian Hlth Bonds BBB

Published Oct 17, 1997

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Abstract:

NY -- Standard&Poor's CreditWire 10/17/97 -- Standard&Poor's today assigned its triple-`B' rating to New Jersey Health Care Facilities Finance Authority's $21 million revenue and refunding bonds series 1997A dated Nov. 3, 1997 due July 1, 2027, issued for the 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 86-year history and is located on an 81-acre, Bergen County, N.J. campus. Services provided include skilled nursing, residential health care, senior housing, adult day care, psychiatric care,

Report Type:

Ratings Action

Issuer

New Jersey Hlth Care Facs Fincg Auth

Sector

Global Issuers, Public Finance

Country

United States

Region

United States

Format:

HTML

NJ Hlth Care Fac/Newcomb Med Ctr Downgraded B- by S&P – 1997/10/22 – US$ 150.00

Summary: New Jersey Hlth Care Fac Fin Auth; Revenue - Health Care, Hospital – 1997/10/24 – US$ 225.00

Summary: New Jersey Hlth Care Fac Fin Auth; Revenue - Health Care, Hospital – 1997/11/05 – US$ 225.00

Rahway Hospital S&P Outlk Revised to Neg;Rtg Afrmd – 1997/11/26 – US$ 150.00

Medical Center at Princeton Rev Bnds Rtd 'A' by S&P – 1997/12/01 – US$ 150.00

S&P Afms Rtgs on NJ Hlth Care Fac Fin Auth/JFK Med Ctr – 1997/10/07 – US$ 150.00

NJ Hlth Cr Fac Fin Auth/Kimball Med Ctr Outlk to Pos by S&P – 1997/07/08 – US$ 150.00

Summary: New Jersey Hlth Care Fac Fin Auth, NJ; Revenue - Housing, Multifamily GNMA – 1995/02/28 – US$ 225.00

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MLA:	S&P Global Ratings’ Credit Research. "S&P Rates NJ Hlth Care Auth/Christian Hlth Bonds BBB" Oct 17, 1997. Alacra Store. May 17, 2025. <http://www.alacrastore.com/s-and-p-credit-research/S-P-Rates-NJ-Hlth-Care-Auth-Christian-Hlth-Bonds-BBB-9511>

APA:	S&P Global Ratings’ Credit Research. (). S&P Rates NJ Hlth Care Auth/Christian Hlth Bonds BBB Oct 17, 1997. New York, NY: Alacra Store. Retrieved May 17, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/S-P-Rates-NJ-Hlth-Care-Auth-Christian-Hlth-Bonds-BBB-9511>

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