Summary: Chester County Health and Education Facilities Authority, Pennsylvania Main Line Health System; System - S&P Global Ratings’ Credit Research

Summary: Chester County Health and Education Facilities Authority, Pennsylvania Main Line Health System; System

Summary: Chester County Health and Education Facilities Authority, Pennsylvania Main Line Health System; System - S&P Global Ratings’ Credit Research
Summary: Chester County Health and Education Facilities Authority, Pennsylvania Main Line Health System; System
Published Dec 21, 2022
5 pages (1719 words) — Published Dec 21, 2022
Price US$ 225.00  |  Buy this Report Now

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Abstract:

S&P Global Ratings lowered its long-term rating to 'AA-' from 'AA' on the Chester County Health and Education Facilities Authority, Pa.'s debt issued for Main Line Health System (MLH). The outlook is stable. MLH is the parent company of Main Line Health. The rating action reflects our view of MLH's sizable operating losses in fiscal 2022 and the first three months of fiscal 2023 with an anticipated operating loss for full fiscal 2023 after variable performance in recent years, combined with a weakened balance sheet resulting from a decline in unrestricted reserves, resulting in metrics no longer commensurate with the 'AA' rating. Gross revenue from the obligated group, which consists of Main Line Health System, Main Line Health Inc., Main

  
Brief Excerpt:

...+ S&P Global Ratings lowered its long-term rating to '##-' from '##' on the Chester County Health and Education Facilities Authority, Pa.'s debt issued for Main Line Health System (MLH). + The outlook is stable. + MLH is the parent company of Main Line Health. + The rating action reflects our view of MLH's sizable operating losses in fiscal 2022 and the first three months of fiscal 2023 with an anticipated operating loss for full fiscal 2023 after variable performance in recent years, combined with a weakened balance sheet resulting from a decline in unrestricted reserves, resulting in metrics no longer commensurate with the '##' rating....

  
Report Type:

Summary

Issuer
Main Line Health System
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Chester County Health and Education Facilities Authority, Pennsylvania Main Line Health System; System" Dec 21, 2022. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Chester-County-Health-and-Education-Facilities-Authority-Pennsylvania-Main-Line-Health-System-System-2931790>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Chester County Health and Education Facilities Authority, Pennsylvania Main Line Health System; System Dec 21, 2022. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Chester-County-Health-and-Education-Facilities-Authority-Pennsylvania-Main-Line-Health-System-System-2931790>
  
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