Sylvania Franciscan Health Obligated Group, TX Bond Outlook Revised To Positive On Improving Operations

Stocks and Financial Services Press Releases Friday September 26, 2014 08:57
CHICAGO--26 Sep--Standard & Poor's

CHICAGO (Standard & Poor's) Sept. 25, 2014--Standard & Poor's Ratings Servicesrevised its outlook to positive from stable and affirmed its 'A-' long-termrating on Brazos County Health Facilities Development Corp., Texas' $134.215million series 1993B, 2002, and 2008 bonds and its 'A-' underlying rating(SPUR) on the development corporation's series 1997A and 1997B bonds. Allbonds were issued for Sylvania Franciscan Health Obligated Group (SFH;formerly Franciscan Services Corp. Inc.).

Standard & Poor's also revised its outlook to positive from stable affirmedits 'A-' long-term rating on the Kentucky Economic Development FinanceAuthority's $28.44 million series 2010 fixed-rate bonds issued for MadonnaManor. The series 2010 carries the same rating as SFH, the parent, because SFH

(a member of the obligated group) is the guarantor of the bonds of MadonnaManor.
"The outlook revision reflects our view of strategies that SFH's leadershiphas put in place to help improve operations," said Standard & Poor's creditanalyst Brian Williamson.
Examples of the strategies employed include a centralized audit, aself-insured workers compensation program, and freezing the defined benefitpension plan.

Latest Press Release

mai welcomes petroleum transport provider VL on May 21

Market for Alternative Investment (mai) will list V.L. Enterprise pcl, a marine transportation service provider for petroleum and chemical products, on May 21, under the ticker symbol "VL". The company has a market capitalization at its initial public...

ThomasLloyd Launches First Open-ended Public Infrastructure Fund and Signs Global Fund Distribution Agreement With Allfunds

The global investment and advisory firm ThomasLloyd announced that it is cooperating with Allfunds, one of the world's leading distributors of investment funds. Following the signing of a global framework agreement relating to ThomasLloyd´s fund...

Ichitan Group unveils high Q1 net profit with 247.1% YoY growth, aiming for continuous growth in Q2 through regional exports

Ichitan Group Public Company Limited (SET:ICHI) today announces a strong net profit growth of 247.1% YoY in the first quarter worth 114.2 million baht, accounting for net profit margin of 8.7%. Such profit is derived from management efficiency and a...

KBank opens the exhibition booth at Money Expo Bangkok To offer special promotions under KBank Always With You concept

KBank will make its presence felt at Money Expo Bangkok from May 16-19, 2019 by offering special promotions, discounts, bonuses, giveaways and privileges for homebuyers looking for mortgage loans, together with the best interest rates and conditions for...

Fitch Rates EXIM#s USD Senior Notes #BBB+(EXP)#

Fitch Ratings has assigned an expected rating of 'BBB+(EXP)' to Export-Import Bank of Thailand's (EXIM, BBB+/Stable) five-year senior unsecured notes. The notes will be issued under the bank's USD1.5 billion medium-term note (MTN) programme. EXIM plans...

Related Topics