Capital Issue Newsletter Summer 2011

Home > ... The Capital Issue Archives > Capital Issue Summer 2011

Welcome to the Summer 2011 edition of The Capital Issue. It's been a tumultuous couple of weeks in the capital markets, and many providers are wondering how their existing debt structures and future access to capital might be impacted. Lancaster Pollard has been monitoring these changes closely and keeping in touch with our clients, particularly those who have federally-insured debt.

We are hopeful S&P’s action has already been partially priced into the market. Even with the market’s recent uncertainty, fixed interest rates remain at near all-time lows, and short-term rates and indices continue to hover below historic averages.

For additional context on the downgrade and its possible repercussions, we invite our readers to review The Research Note, written by our Adam Smith, CFA, CAIA, investment strategist for Lancaster Pollard Investment Advisory Group.

If you have any questions on market issues or the other topics covered in this quarter's newsletter, or would like us to visit in person to explain them, please don't hesitate to contact us.

- Tom Green, CEO

Feature

Opportunity Knocking: Taking Advantage of Low Short-term Interest Rates
While the U.S. debt drama played out amid a sharp economic slowdown resulting in market turmoil, short-term interest rates have been at an all-time low and may continue to be so through mid-2013. How can borrowers access them? [more]

Health Care

Becoming a (Financially Stable) System
Appalachian Regional Healthcare System accomplished an $18 million operational turnaround in two years and leveraged their rediscovered credit strength into an investment-grade rating on a new debt structure. [more]

Senior Living

Health Care Reform: Strategies for Senior Care Providers
Savvy senior care organizations will already be focusing on three key health care reform considerations to remain competitive in the future. [more]

Affordable Housing

The Future of Rural Rental Housing Finance
Federal budget recommendations and legislative proposals are raising questions about the future of federal financial support for rural affordable rental housing projects. [more]

Nonprofit Minute

The Importance of a Strong Investment Policy Statement
Board turnover can lead to excessive investment management changes. A strong investment policy statement should provide disciplined investment tenets for a consistent, strategic approach to managing the investment portfolio through successive boards. [more]

Atlanta - Austin - Columbus - Kansas City - Los Angeles - Philadelphia