Posts Tagged ‘rating’

Fitch gives hospital bonds ‘negative’ outlook

by Published: October 12,2012

Tags: bond, clinic, credit, debt, health, health care, hospital, medical, medicine, outlook, rate, rating

HATTIESBURG — Fitch Ratings has affirmed its “A” rating on the following bonds issued on behalf of Forrest County General Hospital (Forest Health) (MS): — $70,000,000 Mississippi Hospital Equipment and Facilities Authority revenue bonds, series 2010; — $43,265,000 Mississippi Hospital Equipment and Facilities Authority, series 2009. The Rating Outlook is revised to “negative” from “stable.” […] [...]

Schools get first report card under new rating system

ACROSS MISSISSIPPI — More school districts achieved higher grades in the first year of Mississippi’s new school rating system, thanks to increased test scores and the suspension of graduation rate requirements for higher-scoring districts. Districts and schools got letter grades for the first time today. Under a new law, the old seven-step system, running from […] [...]

Officials want changes to new school-rating system

JACKSON — Even before school and district report cards graded “A” to “F” are rolled out for the first time, it’s clear that lawmakers and education officials have a strong appetite for further changes to how schools are graded. In a hearing yesterday, Mississippi Department of Education officials told lawmakers they expect to examine new […] [...]

Fitch gives Mississippi Power ‘negative’ outlook; cites Kemper costs

GULFPORT — Fitch Ratings has rated Mississippi Power Company’s (MPC) issuance of $200 million series 2012A 4.25% senior notes due March 15, 2042 as “A.” These notes are part of the same series of debt securities as the $250 million senior notes issued on March 9, 2012. These notes are senior, unsecured obligations of MPC. […] [...]

Fitch rates airport bonds ‘A-‘ and awards stable outlook

JACKSON — Fitch Ratings has affirmed Jackson Municipal Airport Authority’s outstanding $42.1 million airport revenue and refunding bonds at “A-.” The Rating Outlook remains “stable.” Fitch wrote: “Traffic is currently similar to levels prior to Hurricane Katrina where the airport served evacuees and recovery efforts following declines over the past five consecutive years. Stability is […] [...]

Fitch returns rating status of Old Republic to ‘negative’

RIDGELAND — Fitch Ratings has revised the rating watch status for Old Republic International Corporation (ORI) and its insurance company subsidiaries to “negative” from “positive” following the company’s announcement to withdraw the spin-off of Republic Financial Indemnity Group Inc. (RFIG). Fitch had most recently placed the ratings on rating watch positive March 23 after ORI’s […] [...]

A.M. Best upgrades outlook on Gulf Guaranty Life

by Published: May 4,2012

Tags: crdit, credit rating, forecast, insurance, outlook, prediction, rating

JACKSON — A.M. Best Co. has revised the outlook to “positive” from “stable” and affirmed the financial strength rating of “B- (Fair)” and issuer credit rating of “bb-” of Gulf Guaranty Life Insurance Company. A.M. Best wrote: “The ratings reflect the company’s more than adequate level of risk-adjusted capitalization, improved net income reported in 2011 […] [...]

Nineteen nursing homes make publication’s ‘best’ list

AROUND MISSISSIPPI — Many nursing homes in Mississippi have been recognized as the “Best Nursing Homes in 2012” by U.S. News & World Report magazine, according to the Mississippi Health Care Association (MHCA). In the magazine’s “Best Nursing Homes in 2012” report, the following MHCA member facilities in Mississippi were recognized as having the highest […] [...]

A.M. Best revises outlook on Medical Assurance Company

RIDGELAND — A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating of “A- (Excellent)” and issuer credit rating of “a-” of Medical Assurance Company of Mississippi (MACM) of Ridgeland. Best wrote: “The ratings of MACM are reflective of its strong risk-adjusted capitalization, conservative loss reserve position, sustainable […] [...]

Fitch puts Mississippi Valley Title on ‘Rating Watch Negative’

MADISON — Fitch Ratings has placed the ratings of Old Republic International Corporation’s (ORI) and its insurance company subsidiaries, including Mississippi Valley Title Insurance Company, on “Rating Watch Negative.” Fitch reports: “The Rating Watch reflects uncertainty as to ORI’s ability to continue to avoid a covenant breach under its debt obligations in light of ongoing […] [...]

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