Illinois Finance Authority Advocate Health Care Network; System Apr 08
Standard & Poors, April 2008
Abstract
Standard & Poor's Ratings Services assigned its 'AA/A-1+' rating to the Illinois Finance Authority's series 2008B1-5 and series 2008C-1, 2008C-2A, 2008C-2B, 2008C-3A, and series 2008C-3B variable-rate demand bonds, issued for Advocate Health Care Network (AHCN). In addition, Standard & Poor's affirmed its 'AA/A-1+' rating on the issuer's series 2008A-1-3 bonds and series 2003A and series 2003C bonds, previously issued for AHCN. At the same time, 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 the authority for AHCN. All long-term ratings assigned and affirmed reflect the credit characteristics of AHCN alone. The 'A-1+' short-term component of the ratings assigned to the issuer's series 2008B1-5...
Companies mentioned in this report are:
- Advocate Hlth Care Network
- 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: Full Analysis
- Advocate Hlth Care Network
- Illinois Fin Auth
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