• +353-1-415-1241(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Summary: New Jersey Health Care Facilities Financing Authority AHS Hospital Corp.; Hospital Apr 08 Product Image

Summary: New Jersey Health Care Facilities Financing Authority AHS Hospital Corp.; Hospital Apr 08

  • Published: April 2008
  • Standard & Poors

FEATURED COMPANIES

Abstract
Standard & Poor's Ratings Services assigned its 'A+' rating and underlying rating (SPUR) to the New Jersey Health Care Facilities Financing Authority's bonds series 2008A-C bonds, issued for AHS Hospital Corp., whose parent company is Atlantic Health System (AHS). The outlook is stable. AHS will use the bond proceeds to pay off two bank loans that were drawn to redeem all of AHS' long-term bonds, all of which are Ambac-insured auction-rate securities. The full redemption of all the bonds occurred from April 4 to 10, 2008. The redemption of existing debt and the subsequent issue of the 2008A-C bonds was known and factored into the March 13, 2008, affirmation of AHS' underlying rating. The series 2008B and 2008C bonds are...

Companies mentioned in this report are:
- AHS Hospital Corp
- New Jersey Hlth Care Facs Fincg Auth

Action: New Rating
Action: Outlook: Stable

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings READ MORE >

- AHS Hospital Corp
- New Jersey Hlth Care Facs Fincg Auth

Format Properties
Electronic The report will be emailed to you.
Note: Product cover images may vary from those shown
More

RELATED PRODUCTS