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Illinois Finance Authority Northwestern Memorial Hospital; Hospital Dec 08 Product Image

Illinois Finance Authority Northwestern Memorial Hospital; Hospital Dec 08

  • ID: 1723393
  • December 2008
  • Region: Illinois
  • Standard & Poors

FEATURED COMPANIES

  • Illinois Fin Auth
  • Illinois Hlth Fac Auth
  • Northwestern Mem HlthCare
  • MORE

Abstract
Standard & Poor's Ratings Services assigned its 'AA+' standard long-term rating to Illinois Finance Authority $229.98 million series 2008 hospital revenue refunding bonds, issued for Northwestern Memorial Hospital (NMH). Standard & Poor's also affirmed its 'AA+' long-term rating and 'AA+/A-1+' ratings on various series of bonds issued by Illinois Finance Authority and Illinois Health Facilities Authority for NMH. NMH has been rated 'AA+' since April 2000 when it was upgraded from 'AA'. NMH's long-term debt outstanding at fiscal year ended Aug. 31, 2008, is $785.7 million. The authority will use the series 2008 bond proceeds to advance refund its $205.4 million series 2004C1, 2004C2, 2004C3, and 2004C4 auction-rate bonds, insured by Financial Security Assurance Inc. The analysis and financial figures...

Companies mentioned in this report are:
- Northwestern Mem HlthCare
- Illinois Hlth Fac Auth
- 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

Note: Product cover images may vary from those shown

- Northwestern Mem HlthCare
- Illinois Hlth Fac Auth
- Illinois Fin Auth

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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