TITLE

Morehead, N.C., Hosp. Cut to BB by Fitch

PUB. DATE
February 2005
SOURCE
Bond Buyer;2/3/2005, Vol. 351 Issue 32063, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Fitch Ratings Inc. said it has downgraded the rating on $6,440,000 of outstanding Series 1993B North Carolina Medical Care Commission revenue bonds issued for Morehead Memorial Hospital to BB from BBB-minus. In addition, the bonds have been placed on rating watch negative. The downgrade to BB reflects Morehead Memorial Hospital's weak balance sheet and significant capital needs. Ongoing risks are MMH's unfavorable service area characteristics, small medical staff. and poor revenue cycle management. The hospital's liquidity indicators are very weak.
ACCESSION #
15938494

 

Related Articles

  • Fitch Rates Catholic Health East's (PA) $190.7MM Revs 'A+'; Outlook Stable.  // Biomedical Market Newsletter;6/1/2012, Vol. 21, p1 

    The article informs that Fitch Ratings Ltd. has assigned an 'A+' ratings to the revenue bonds issued on behalf of Catholic Health East (CHE). The revenue bonds include 27,940,000 U.S. dollars City of Tampa, Florida Health System revenue bonds series 2012A, 16,545,000 U.S. dollars North Carolina...

  • Fitch to Consider 'Harmonizing' Corporate, Muni Ratings. Campbell, Dakin // Bond Buyer;3/24/2008, Vol. 363 Issue 32841, p4 

    The article focuses on the possible harmonization of the corporate and public finance ratings scales by Fitch Ratings Ltd. in the U.S. The company is looking at the potential for bringing the scales together or finding other solutions that could involve an independent scale. This could be...

  • School Concerns Prompt Fitch to Put Baltimore GOs on Negative Watch. Newman, Emily // Bond Buyer;3/10/2004, Vol. 347 Issue 31838, p3 

    Reports on the negative rating of Baltimore outstanding general obligation bonds by Fitch Ratings Inc. in Maryland. Occurrence of school funding crisis; Extension of the state's partial control of city school; Reduction of the city's financial liquidity.

  • Fitch Drops LADWP's Water Bonds to AA From AA-Plus. Saskal, Rich // Bond Buyer;1/27/2006, Vol. 355 Issue 32307, p35 

    The article reports that Fitch Ratings Inc. downgraded the Los Angeles Department of Water and Power's water revenue bonds to AA from AA-plus. The reason behind the action is the declining actual and projected liquidity levels of the bonds. The action affects about $1.5 billion in outstanding...

  • St. Luke's Success. Shields, Yvette // Bond Buyer;4/28/2004, Vol. 348 Issue 31872, p31 

    Reports that Fitch Ratings Inc. has upgraded the underlying rating on insured bonds sold in 2001 for Saint Luke's Episcopal-Presbyterian Hospitals in Missouri. Attribution of the upgrade to the system's improved liquidity position, consistently solid operating results and strong debt service...

  • Fitch: Overreliance on Natural Gas Could Hurt Ratings. Sanchez, Humberto // Bond Buyer;6/5/2003, Vol. 344 Issue 31650, p34 

    Despite a generally favorable outlook for the public power sector, rating downgrades could be in the offing due to municipal utilities' increased dependence on natural gas for power generation as well as other liquidity concerns, Fitch Ratings Inc. analysts said on June 4, 2003. The reports warn...

  • Fitch Lifts Wisconsin's Aurora Health Care to A.  // Bond Buyer;7/24/2008, Vol. 365 Issue 32925, p2 

    The article reports on the bond rating assigned by Fitch Ratings Ltd. to the Wisconsin Health and Educational Facilities Authority. The credit agency upgraded the $510 million of the authority's health care revenue bonds to A from A-minus in behalf of Aurora Health Care Inc. The rating outlook...

  • Novant Health Off Watch. Sigo, Shelly // Bond Buyer;6/5/2008, Vol. 364 Issue 32893, p9 

    The article reports on the rating assigned by Fitch Ratings Ltd. for the revenue bonds of Novant Health in North Carolina. The rating agency removed its rating watch evolving designation and affirmed its AA-minus rating with a stable outlook. The change affected $757 million of revenue bonds...

  • DELAWARE: Beebe Medical Boosted. Funk, Lynne // Bond Buyer;2/2/2009, Vol. 367 Issue 33053, p9 

    The article reports that Fitch Ratings Ltd. has upgraded about $64.4 million of outstanding Delaware Health Facilities Authority revenue bonds sold for the Beebe Medical Center (BMC) project. It states that the ratings agency has upgraded the Series 2004A, 2005A and 2005B to A-minus from...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics