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S&PCORRECT: Illinois Dev Fin Auth Revs Rated AA/A-1+ Nov 98
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Abstract
(Editor's note: In the press release sent earlier today, the rating in the headline was misstated as double-'A'/'A-1'.) NY -- Standard & Poor's CreditWire 11/24/98 ? Standard & Poor's today assigned its double-'A'/'A-1'-plus ratings to Illinois Development Finance Authority's variable rate demand revenue bonds series 1998 due Nov. 15, 2028, issued for St. George Corp. doing business as Palos Community Hospital. At the same time, Standard & Poor's affirmed its double-'A'/'A-1c'-plus ratings on the authority's variable rate demand bonds series 1994A, issued for St. George Corp. doing business as Palos Community Hospital. The long-term rating is based on: -- Excellent management; -- Strong service area economic, and demographic trends which contributes to growing patient volumes; and -- Very strong financial...
Companies mentioned in this report are:
- Illinois Fin Auth
Action: Various Rating Actions
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 and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
(Editor's note: In the press release sent earlier today, the rating in the headline was misstated as double-'A'/'A-1'.) NY -- Standard & Poor's CreditWire 11/24/98 ? Standard & Poor's today assigned its double-'A'/'A-1'-plus ratings to Illinois Development Finance Authority's variable rate demand revenue bonds series 1998 due Nov. 15, 2028, issued for St. George Corp. doing business as Palos Community Hospital. At the same time, Standard & Poor's affirmed its double-'A'/'A-1c'-plus ratings on the authority's variable rate demand bonds series 1994A, issued for St. George Corp. doing business as Palos Community Hospital. The long-term rating is based on: -- Excellent management; -- Strong service area economic, and demographic trends which contributes to growing patient volumes; and -- Very strong financial...
Companies mentioned in this report are:
- Illinois Fin Auth
Action: Various Rating Actions
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 and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
Companies Mentioned
- Illinois Fin Auth
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