- Language: English
- Published: November 2011
- Region: Indiana
Summary: Indiana Finance Authority Indiana University Health Obligated Group; Joint Criteria Apr 11
- ID: 1721615
- April 2011
- Region: Indiana
- Standard & Poors
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This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
Standard & Poor's Ratings Services assigned its 'A+' underlying rating (SPUR) to the Indiana Finance Authority's (IFA) $230.87 million series 2011G-K bonds issued on behalf of the Indiana University Health Obligated Group (IU Health). The outlook is positive. In addition, Standard & Poor's assigned its 'AAA/A-1+' rating to IFA's series 2011G, 2011J, and 2011K bonds issued on behalf of IU Health. The 2011J and 2011K ratings are based on the application of joint criteria assuming a low correlation between IU Health (A+) and JPMorgan Chase (AA-/A-1+). The series 2011K rating is based on the application of joint criteria assuming a low correlation between the IU Health and Bank of New York (AA/A-1+). The letters of credit (LOCs) provide coverage for...
Companies mentioned in this report are: Indiana Univ Hlth Oblig Grp,Indiana Fin Auth
Action: New Rating
Action: Outlook: Positive
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Indiana Univ Hlth Oblig Grp,Indiana Fin Auth