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

Isotropic Systems Raises $14 Million in Series A Funding Led by Boeing HorizonX Ventures to Advance Space-Based Connectivity

- Isotropic's approach to next-generation integrated terminal creates profound change in terminal economics and performance to unlock the satellite industry's full potential Isotropic Systems Ltd., the next-generation integrated satellite terminal...

Global economic growth expected to slow in 2019

The global economy as a whole is expected to slow in 2019 as G7 countries return to long-run average growth rates, according to new projections from PwC in its latest Global Economy Watch. PwC expects that the pick up in growth of most major economies...

QNB Group: Financial Results for the Year Ended 31 December 2018

QNB, the largest financial institution in the Middle East and Africa (MEA) region, announced its results for the year ended 31 December 2018. (Photo: https://mma.prnewswire.com/media/808498/QNB_Group_Head_Office.jpg ) Net Profit for the year ended 31...

CIMB THAI announces 2018 financial results with increased in operating income due to loan growth and lower gross NPL ratio. To fully move forward with Fast Forward program.

- Net interest income increased THB 544.3 million YoY mainly from loan expansion and higher interest income on investments. - Profit before tax of THB 271.2 million. - NPL ratio of 4.3% compared to 4.8% YoY due to more efficient risk management policies...

KTC decreases interest and usage fee to Bt. 199 for applying KTC PROUD Revolving Loan.

Ms. Phichamon Jitpentham, Vice President - Personal Loans, "KTC" or Krungthai Card Public Company Limited, helps lighten the loads of consumers' money usage by providing the special privilege to pay a lump sum of Bt. 199 for interest and usage fee for...

Related Topics