S&P Rates New Jersey Hlth Care Fac Fin Auth Revs 'A' - S&P Global Ratings’ Credit Research

S&P Rates New Jersey Hlth Care Fac Fin Auth Revs 'A'

S&P Rates New Jersey Hlth Care Fac Fin Auth Revs 'A' - S&P Global Ratings’ Credit Research
S&P Rates New Jersey Hlth Care Fac Fin Auth Revs 'A'
Published Jul 16, 1998
Published Jul 16, 1998
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About This Report

  
Abstract:

NY -- Standard&Poor's CreditWire 7/16/98 –- Standard&Poor's today assigned its single-'A' rating to New Jersey Health Care Facilities Financing Authority's $54.81 million revenue bonds series 1998 due July 1, 2025, issued for JFK Health Systems The bonds are scheduled to sell July 24, 1998. At the same time, Standard&Poor's lowered its rating on the authority's (Intercare Health System-John F. Kennedy Medical Center) $54.8 million revenue bonds issued for JFK Health Systems to single-'A' from single-'A'-plus. The rating reflects: -- The systems' revenue diversity, -- Anticipated benefits from merger with a competitor, and -- Good finances. The downgrade is due to reduced profitability and expectations of financial support outside the system. JFK Health Systems' business

  
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. "S&P Rates New Jersey Hlth Care Fac Fin Auth Revs 'A'" Jul 16, 1998. Alacra Store. May 16, 2025. <http://www.alacrastore.com/s-and-p-credit-research/S-P-Rates-New-Jersey-Hlth-Care-Fac-Fin-Auth-Revs-A-30826>
  
APA:
S&P Global Ratings’ Credit Research. (). S&P Rates New Jersey Hlth Care Fac Fin Auth Revs 'A' Jul 16, 1998. New York, NY: Alacra Store. Retrieved May 16, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/S-P-Rates-New-Jersey-Hlth-Care-Fac-Fin-Auth-Revs-A-30826>
  
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