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S&P Rts CT Hlth&Ed Fac Auth/Masonicare Rev Bnds A+

Published Nov 05, 1997

About This Report

Abstract:

NY -- Standard&Poor's CreditWire 11/5/97 -- Standard&Poor's today assigned its single-'A'-plus rating to Connecticut Health&Education Facilities Authority's $50 million health care revenue bonds series 1997, issued for Masonicare. The rating reflects: -- Very strong liquidity, as demonstrated by over 700 days' cash on hand, -- Adequate 2.0 times (x) adjusted maximum annual debt service coverage in 1996, -- Strong long-term care services with good overall (90%) occupancy, -- Steady organizational growth of facilities and services, -- Consistent fund raising capabilities, -- Healthy investment earnings, and -- National accreditation of all facilities by the Joint Commission for Accreditation of Healthcare Organizations and Continuing Care Accreditation Commission. A higher rating is precluded because of a high

Report Type:

Ratings Action

Issuer

Connecticut Hlth&Educl Facs Auth

Sector

Global Issuers, Public Finance

Country

United States

Region

United States

Format:

HTML

Connecticut Health&Educational Facilities Authority; General Obligation, State Lease – 1997/11/10 – US$ 600.00

Summary: Connecticut Hlth&Ed Fac Auth; Revenue - Health Care, Long Term Care – 1997/11/11 – US$ 225.00

Summary: Connecticut Hlth&Ed Fac Auth; Revenue - Health Care, Hospital – 1997/11/20 – US$ 225.00

Summary: Connecticut Hlth&Ed Fac Auth; Revenue - Housing, Multifamily FHA Insurance – 1998/01/27 – US$ 225.00

Summary: Connecticut Hlth&Ed Fac Auth; Revenue - Higher Education, Private Coll/Univ - General Obligation – 1998/03/13 – US$ 225.00

Summary: Connecticut Hlth&Ed Fac Auth; Revenue - Higher Education, Private Coll/Univ - General Obligation – 1997/11/03 – US$ 225.00

S&P Rts BBB CON Hlth&Ed/Hosp for Specl Care Rev Bnds – 1997/10/31 – US$ 150.00

S&P Rates CT Hlth&Ed Fac/Yale U $250M Revs AAA/A-1+h – 1997/10/24 – US$ 150.00

S&P Afms CT Hlth&Ed Fac Auth/U of Hartford BBB- Rtg – 1997/10/24 – US$ 150.00

Summary: Connecticut Hlth&Ed Fac Auth, CT; General Obligation, Local Lease – 1996/05/14 – US$ 225.00

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MLA:	S&P Global Ratings’ Credit Research. "S&P Rts CT Hlth&Ed Fac Auth/Masonicare Rev Bnds A+" Nov 05, 1997. Alacra Store. May 07, 2025. <http://www.alacrastore.com/s-and-p-credit-research/S-P-Rts-CT-Hlth-Ed-Fac-Auth-Masonicare-Rev-Bnds-A-42434>

APA:	S&P Global Ratings’ Credit Research. (). S&P Rts CT Hlth&Ed Fac Auth/Masonicare Rev Bnds A+ Nov 05, 1997. New York, NY: Alacra Store. Retrieved May 07, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/S-P-Rts-CT-Hlth-Ed-Fac-Auth-Masonicare-Rev-Bnds-A-42434>

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