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Advocate Health Care Network, IL's Series 2008D Bonds Rated 'AA' On Market Leadership Oct 08
Standard & Poors, Oct 2008
Abstract
NEW YORK (Standard & Poor's) Oct. 31, 2008--Standard & Poor's Ratings Services assigned its 'AA' long-term rating to Illinois Finance Authority's $180 million series 2008D hospital revenue refunding bonds issued for Advocate Health Care Network (AHCN). Also, Standard & Poor's affirmed its 'AA' rating on the authority's outstanding $47.4 million of fixed-rate obligations issued for AHCN. In addition, in July 2008 Standard & Poor's assigned and affirmed 'AA' ratings, and where applicable 'AA/A-1+' ratings for various series of bonds issued by the authority on behalf of AHCN and these ratings remain in effect. The 'AA' long-term ratings assigned and affirmed reflect AHCN's leading 13.7% market share for 2007 and an admissions total that slightly exceeds 142,000 for fiscal year 2007;...
Companies mentioned in this report are: Advocate Hlth Care Network,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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