Virtua Health Inc., NJ Outlook Revised To Positive On Strong Financial Profile

NEW YORK (Standard&Poor's) Nov. 10, 2014--Standard&Poor's Ratings Services revised its outlook to positive from stable and affirmed its 'A+' long-term rating on New Jersey Health Care Facilities Financing Authority's $234.1 million series 2009A and 2013 bonds issued for Virtua Health Inc. At the same time, Standard&Poor's affirmed its 'A+' underlying ratings (SPUR) on $344 million series 2009A, 2009B, 2009C, 2009D, and 2009E bonds issued by the authority for Virtua Health. We also affirmed our 'AAA/A-1' rating on series 2009B and 2009C and our 'AAA/A-1+' rating on series 2009D and 2009E variable-rate demand bonds issued for Virtua Health by the authority. We based these ratings on the application of joint criteria whereby the bonds are

...NEW YORK (Standard & Poor's) Nov. 10, 2014--Standard & Poor's Ratings Services revised its outlook to positive from stable and affirmed its 'A+' long-term rating on New Jersey Health Care Facilities Financing Authority's $234.1 million series 2009A and 2013 bonds issued for Virtua Health Inc. At the same time, Standard & Poor's affirmed its 'A+' underlying ratings (SPUR) on $344 million series 2009A, 2009B, 2009C, 2009D, and 2009E bonds issued by the authority for Virtua Health. We also affirmed our '###/A-1' rating on series 2009B and 2009C and our '###/A-1+' rating on series 2009D and 2009E variable-rate demand bonds issued for Virtua Health by the authority. We based these ratings on the application of joint criteria whereby the bonds are secured by both Virtua Health and J.P. Morgan Chase Bank N.A. (series 2009B and 2009C) or TD Bank (series 2009D and 2009E). The '###' long-term component of the ratings is based jointly on the credit ratings of Virtua Health and the letter of credit...

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