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Advocate Health Care Network, Illinois Illinois Finance Authority; Health Care, System; Public Finance Structured, Liquidity Facility Oct 05
Standard & Poors, Oct 2005
Abstract
Standard & Poor's Ratings Services affirmed its 'AA' ratings and underlying rating (SPUR) on Illinois Finance Authority's various health care revenue and refunding bonds outstanding, issued on behalf of the Advocate Health Care Network (AHCN), which is based in Oak Brook, Ill. At the same time, Standard & Poor's affirmed its 'A-1+' short-term ratings on the authority's series 1997B and series 2003A-C bonds, issued on behalf of AHCN. AHCN continues to be a very well managed health system that enjoys a leading market position among hospitals serving Chicago and the surrounding suburbs. An additional credit strength is the fact that AHCN is the most integrated health system operating in the Chicago marketplace, which employs a large physician network that aids...
Companies mentioned in this report are: Advocate Hlth Care Network,Illinois Fin Auth
Action: Affirmed
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: Full Analysis
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