PubFinCriteria_2006_part1_final1.qxp
strong preference will exist for facilities supporting origin and destination (O&D) traffic, rather than connecting hubs. On ...
these facilities, including other factors discussed in this article. For a multi-tenant special facility financing that has a hi ...
I n evaluating port revenue bonds for publicly operated maritime facilities, Standard & Poor’s Ratings Services considers se ...
increased focus on supply chain logistics and time- to-market has accentuated the importance of ports to provide efficient movem ...
healthy coverage of annual debt service by net pledged revenue is a very important rating consid- eration. Minimum historic or p ...
Toll Road and Bridge Revenue Bonds .............................................................................. T he heavy cos ...
an inflation-adjusted basis, remained very low and, historically, price increases have not had a dramatic effect on travel or ga ...
Nevertheless, several considerations can be useful in determining the quality of maintenance. Operators that retain their own en ...
enues. Specifically, tests with projected rather than historical revenues serving as the basis for calculat- ing future debt ser ...
looks to see that all debt can be re-paid prior to the end of the concession term. While high growth rates may be achievable and ...
revenues and intergovernmental subsidies; sales taxes and other nontransit-related revenues actually secure most bonds issued fo ...
Parking Revenue Bonds .................................................................................................... http: ...
Poor’s considers reliance on local companies that may have leased or guaranteed revenues on a cer- tain number of parking spaces ...
T Not-for-Profit Health Care .............................................................................................. VI. ...
tant for Standard & Poor’s to understand the rela- tions that a provider has with primary-care physi- cians, as well as with ...
concerns. For example, a very competitive service area, a weak local economy, a weak medical staff profile or an over reliance o ...
the provider is using its own balance sheet to sup- port potential variable rate debt tenders. Standard & Poor’s uses capita ...
group, Standard & Poor’s evaluates the scope of such ventures and assesses their impact on the system’s creditworthiness. Sy ...
■The plan’s position within the overall managed care market, including products offered, price competitiveness, market share, an ...
Legal Review Standard & Poor’s evaluates the legal provisions of a health care bond issue based, in part, on the credit stre ...
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