Summary: Lee Memorial Health System, Florida; System

S&P Global Ratings affirmed its 'A' 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). The $42 million 2010 bonds are taxable and issued under the Build America Bonds (BAB) program. The outlook remains positive. The rating reflects LMHS's continued strong enterprise profile, anchored by its dominant market position in Lee County, which is experiencing good population growth and favorable economic trends, coupled with a strong and improving financial profile. LMHS has sustained strong operational performance the past three fiscal years, with the continuation of positive operations through the nine months ended June 30, 2017, and expectations for closing at

...S&P Global Ratings affirmed its 'A' 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). The $42 million 2010 bonds are taxable and issued under the Build America Bonds (BAB) program. The outlook remains positive. The rating reflects LMHS's continued strong enterprise profile, anchored by its dominant market position in Lee County, which is experiencing good population growth and favorable economic trends, coupled with a strong and improving financial profile. LMHS has sustained strong operational performance the past three fiscal years, with the continuation of positive operations through the nine months ended June 30, 2017, and expectations for closing at or near budget for the full fiscal year. Improved population growth for Lee County is having a positive impact on overall economic trends and business volume statistics, driving revenue gains and...

Summary