Hawaii Pacific Health Revenue Bond Rating Outlook Revised To Positive On Healthy Coverage And Balance Sheet

Stocks and Financial Services Press Releases Wednesday January 27, 2016 09:14
CHICAGO--27 Jan--Standard & Poor's

CHICAGO (Standard & Poor's) Jan. 26, 2016--Standard & Poor's Ratings Servicesrevised the outlook to positive from stable and affirmed its 'A' long-termrating on the Hawaii State Department of Budget and Finance's revenue bondsissued on behalf of Hawaii Pacific Health (HPH).

"The outlook revision reflects our view of HPH's sustained strong operatingresults for the second year in a row, contributing to healthy debt servicecoverage and an improving balance sheet with a good business position in bothits primary service area of Oahu and Kauai as well as in the state," said

Standard & Poor's credit analyst Suzie Desai.

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