Valley View Hospital, CO Revenue Bonds Assigned 'A-' Rating

CENTENNIAL (S&P Global Ratings) Dec. 5, 2017--S&P Global Ratings assigned its 'A-' long-term rating to the Colorado Health Facilities Authority's $40.99 million series 2017A fixed-rate revenue bonds. In addition, S&P Global Ratings affirmed its 'A-' long-term rating on the authority's 2008 and 2015 hospital revenue bonds. All bonds were issued for Valley View Hospital (VVH). The outlook is stable. The proceeds from the series 2017A bonds, along with an anticipated premium, will refund the series 2008 bonds, at which time S&P Global Ratings will withdraw its rating on the series. "The 'A-' rating reflects our view of VVH's robust unrestricted reserves, ample operating margins and cash flow; healthy balance sheet, and solid payer mix and commercial contracts highlighted by a

...CENTENNIAL (S&P Global Ratings) Dec. 5, 2017--S&P Global Ratings assigned its 'A-' long-term rating to the Colorado Health Facilities Authority's $40.99 million series 2017A fixed-rate revenue bonds. In addition, S&P Global Ratings affirmed its 'A-' long-term rating on the authority's 2008 and 2015 hospital revenue bonds. All bonds were issued for Valley View Hospital (VVH). The outlook is stable. The proceeds from the series 2017A bonds, along with an anticipated premium, will refund the series 2008 bonds, at which time S&P Global Ratings will withdraw its rating on the series. "The 'A-' rating reflects our view of VVH's robust unrestricted reserves, ample operating margins and cash flow; healthy balance sheet, and solid payer mix and commercial contracts highlighted by a lack of commercial payer concentration and limited discounting," said S&P Global Ratings credit analyst Ashley Henry. The stable outlook reflects our view that VVH will be able to sustain operating margins. The outlook...

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