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Advocate Health Care Network, IL Bonds Rated 'AA/A-1+' On Strong Financial Performance Mar 08
Standard & Poors, March 2008
Abstract
NEW YORK (Standard & Poor's) March 28, 2008--Standard & Poor's Ratings Services today assigned its 'AA/A-1+' rating to $153.43 million series 2008A hospital revenue bonds issued by Illinois Finance Authority for Advocate Health Care Network (AHCN). In addition, Standard & Poor's affirmed its 'AA' long-term rating and 'AA' underlying rating (SPUR) on various series of health care revenue and refunding bonds issued by Illinois Finance Authority and Illinois Health Facilities Authority for AHCN. Standard & Poor's also affirmed its 'AA/A-1+' long- and short-term ratings on Illinois Health Facilities Authority's series 2003A and 2003C bonds, issued for AHCN. All long-term ratings assigned and affirmed reflect the credit characteristics of AHCN alone. The short-term ratings assigned for the series 2008A bonds and...
Companies mentioned in this report are: Advocate Hlth Care Network,Illinois Hlth Fac Auth,Illinois Fin Auth
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 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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