S&P has assigned an "A" long-term rating to 2015 revenue bonds issued on behalf of Vail (Colo.) Valley Medical Center by the Colorado Health Facilities Authority.
Proceeds of the series 2015 bonds will partly fund VVMC's $180 million five-year capital spending plan.
"The 'A' rating reflects our assessment of VVMC's solid business position in a limited market that is very outpatient focused, consistently strong operations and robust pro forma debt service coverage at maximum annual debt service and very strong liquidity," said Karl Propst, an S&P credit analyst.
The hospital's credit outlook is stable.
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