Self Regional Healthcare Outstanding Rating Lowered to 'A'; Series 2004 Bonds Rated 'A' - S&P Global Ratings’ Credit Research

Self Regional Healthcare Outstanding Rating Lowered to 'A'; Series 2004 Bonds Rated 'A'

Self Regional Healthcare Outstanding Rating Lowered to 'A'; Series 2004 Bonds Rated 'A' - S&P Global Ratings’ Credit Research
Self Regional Healthcare Outstanding Rating Lowered to 'A'; Series 2004 Bonds Rated 'A'
Published Dec 31, 2003
Published Dec 31, 2003
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Abstract:

NEW YORK (Standard & Poor's) Dec. 31, 2003--Standard & Poor's Ratings Services said it lowered its rating to 'A' from 'A+' on the existing bonds issued for Self Regional Healthcare (Self Regional) by Greenwood County, S.C. In addition, Standard & Poor's assigned its 'A' rating to Greenwood County, S.C.'s series 2004 A and B hospital facilities revenue bonds. The outlook is stable. The lower rating is based on the hospital's weaker balance sheet, particularly the decline in liquidity, in conjunction with a significantly expanded master facility plan. The reduced liquidity as reflected by 137 days' cash on hand and 52% cash to debt, post issuance, is the result of the use of cash for capital replacement projects and is partially

  
Report Type:

News

Issuer
Self Regl Hlthcare
Sector
Financial Institutions, Global Issuers, Public Finance
Format:
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:
S&P Global Ratings’ Credit Research. "Self Regional Healthcare Outstanding Rating Lowered to 'A'; Series 2004 Bonds Rated 'A'" Dec 31, 2003. Alacra Store. May 05, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Self-Regional-Healthcare-Outstanding-Rating-Lowered-to-A-Series-2004-Bonds-Rated-A-352685>
  
APA:
S&P Global Ratings’ Credit Research. (). Self Regional Healthcare Outstanding Rating Lowered to 'A'; Series 2004 Bonds Rated 'A' Dec 31, 2003. New York, NY: Alacra Store. Retrieved May 05, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Self-Regional-Healthcare-Outstanding-Rating-Lowered-to-A-Series-2004-Bonds-Rated-A-352685>
  
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