Pharma Investments, Ventures & Law Weekly
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Fitch Ratings
Fitch Affirms Arkansas Valley Regional Med Center CO at 'BBB'; Outlook Stable
September 28th, 2008
Fitch Ratings affirms the 'BBB' underlying rating on approximately $9.28 million of City of La Junta, Colorado, hospital revenue bonds (Arkansas Valley Regional Medical Center Project), series 1999. The Rating Outlook is Stable. The affirmation of the 'BBB' is supported by Arkansas Valley Regional Medical Center's (AVRMC) adequate liquidity, moderate debt burden, strong debt service coverage, dominant market position, improving profitability, and the medical center's management contract with QHR. As of March 31, 2008, AVRMC's maximum annual debt service (MADS) coverage by earnings before interest, taxes, depreciation, and amortization (EBITDA) was 4.5 times (x),...
Source: Pharma Investments, Ventures & Law Weekly (2008-09-28)
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