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Ascension Health, MO Bonds Rated 'AA/A-1+' Nov 00
Standard & Poors, Nov 2000
Abstract
NEW YORK (Standard & Poor's CreditWire) Nov. 30, 2000--Standard & Poor's today assigned its double-'A'/'A-1'-plus rating to the Illinois Development Finance Authority's $29.5 million variable rate revenue bonds, series 2000A, issued for Ascension Health, Mo.'s St. Vincent De Paul Center. The bonds are expected to sell Dec. 13, 2000. In addition, Standard & Poor's affirmed its double-'A' and double-'A'/'A-1'-plus ratings on other debt issued for Ascension Health, as well as its 'A-1'-plus rating on Ascension Health's commercial paper program. The Ascension Health system was formed by the combination of the Daughters of Charity National Health System and the Michigan-based Sisters of St. Joseph, in August 1999. The vast majority of the Ascension Health system participates in the Ascension Health Credit...
Companies mentioned in this report are: Ascension Health Alliance,Illinois Fin Auth
Action: New Rating
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.
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