Summary: Lee Memorial Health System Board Of Directors Lee Memorial Health System; System

S&P Global Ratings raised its long-term rating and underlying rating (SPUR) on Lee Memorial Health System Board of Directors, Fla.'s series 2007A and 2010 hospital revenue bonds, issued for Lee Memorial Health System (LMHS) to 'A+' from 'A'. The $42 million 2010 bonds are taxable and issued under the Build America Bonds (BAB) program. The outlook on all series of debt is stable. The upgrade reflects the application of "U.S. And Canadian Not-For-Profit Acute Care Health Care Organizations" criteria published on March 19, 2018. The rating reflects LMHS's solid enterprise profile, anchored by its excellent market position in Lee County, which is experiencing strong population growth and favorable economic trends. Improved population growth for Lee County is having a positive

...S&P Global Ratings raised its long-term rating and underlying rating (SPUR) on Lee Memorial Health System Board of Directors, Fla.'s series 2007A and 2010 hospital revenue bonds, issued for Lee Memorial Health System (LMHS) to 'A+' from 'A'. The $42 million 2010 bonds are taxable and issued under the Build America Bonds (BAB) program. The outlook on all series of debt is stable. The upgrade reflects the application of "U.S. And Canadian Not-For-Profit Acute Care Health Care Organizations" criteria published on March 19, 2018. The rating reflects LMHS's solid enterprise profile, anchored by its excellent market position in Lee County, which is experiencing strong population growth and favorable economic trends. Improved population growth for Lee County is having a positive impact on overall economic trends and business volume statistics, driving revenue gains and profitability. Furthermore, LMHS maintains a sound financial profile, despite a period of higher-than-normal capital spending...

Summary