Nov 27 - Fitch Ratings continues to monitor NYU Hospitals Center (NYUHC) in
the wake of material disruption to its operations post major storm Sandy. Fitch
is in regular contact with NYUHC management and will continue to monitor the
situation, taking rating action as appropriate.
NYU Hospitals Center (NYUHC) (rated 'A-' with a Stable Outlook) sustained
serious damage to its main campus resulting from the flood and storm surge
related to the major storm Sandy. Damage from the storm forced the closure of
the Langone Medical Center inpatient tower and temporary closure of outpatient
Outpatient services, including the cancer center and NUYHC's ambulatory
capacity, have largely been restored, and inpatient capacity is expected to
return to 90% of pre-storm capacity in early January 2013. Although there has
been a material disruption to operations, Fitch does not expect this to affect
NYUHC's ability to pay timely debt service. Insurance and other available
emergency funds are expected to substantially offset revenue and property
losses, and NYUHC's liquidity position remains stable at pre-storm levels.
Additional information is available at 'www.fitchratings.com'.