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Summary: Northwestern Mem Hosp, IL; Health Care, Hospital Apr 04

  • ID: 1722238
  • April 2004
  • Standard & Poors
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FEATURED COMPANIES

  • Illinois Hlth Fac Auth
  • Northwestern Mem HlthCare
  • MORE

Abstract
Standard & Poor's Ratings Services assigned its 'AA+' rating to Illinois Finance Authority's (IFA) $187.210 million hospital revenue bonds series 2004 and $217.075 million hospital revenue bonds series 2004C-1-4, both issued for Northwestern Memorial Hospital (NMH). Standard & Poor's also affirmed its 'AA+' rating on Illinois Health Facilities Authority's $140.725 million series 1994A hospital revenue bonds, also issued for NMH. Upon issuance of the 2004C-1-4 bonds, the rating on the series 1994A bonds will be removed, reflecting the refinancing of those bonds. In addition, the IFA is expected shortly to issue about $83.7 million series 2004B variable-rate demand bonds, also for NMH. The rating on these bonds (series 2004B) will be based on NMH's long-term credit strength and supplemental liquidity...

Companies mentioned in this report are:
- Northwestern Mem HlthCare
- Illinois Hlth Fac Auth
- Illinois Finance Authority

Action: Affirmed
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 READ MORE >

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- Northwestern Mem HlthCare
- Illinois Hlth Fac Auth
- Illinois Finance Authority

Note: Product cover images may vary from those shown
3 of 3
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