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Advocate Health Care Network, IL's Rating Affirmed 'AA' Jan 06
Standard & Poors, Jan 2006
Abstract
NEW YORK (Standard & Poor's) Jan. 26, 2006--Standard & Poor's Ratings Services affirmed its 'AA' long-term and underlying rating (SPUR) on Illinois Finance Authority's health care revenue and refunding bonds, and affirmed its 'A-1+' short-term rating on Illinois Health Facilities Authority's series 1997B and series 2003A-C bonds, both issued for Oak Brook, Ill.-based Advocate Health Care Network (AHCN), reflecting AHCN's strong financial profile, stable management team, and leading market position among Chicago-area hospitals. The outlook is stable. Additionally, Standard & Poor's raised its rating on certain maturities of Illinois Health Facilities Authority's revenue refunding bonds, series 1997A, and series 2000 revenue bonds, which have been partially advance refunded, to 'AAA' from 'AA'. 'We anticipate that Advocate Health Care Network's market...
Companies mentioned in this report are: Advocate Hlth Care Network,Illinois Hlth Fac Auth,Illinois Fin Auth
Action: Affirmed
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 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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