Summary: Illinois Finance Authority OSF Healthcare System; Joint Criteria; System Feb 09
- ID: 1723472
- February 2009
- Region: Illinois
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'A' standard long-term rating to Illinois Finance Authority's $142.505 million series 2009A fixed-rate bonds and $138.780 series 2009B variable-rate demand bonds, issued on behalf of OSF Healthcare System (OSF). The Standard & Poor's Structured Finance group will assign a joint criteria rating to the series 2009B bonds in a separate analysis. The outlook is stable. OSF will use bond proceeds to refund series 2005A, 2005B, 2007B, 2007C, and 2007D auction-rate bonds. No new money is being issued at this time, but OSF has plans to issue about $75 million of new money later in fiscal 2009 to fund the installation of their information technology (IT) system, EPIC, together with a new data center....
Companies mentioned in this report are:
- OSF Hlthcare Sys
- Illinois Fin Auth
Action: New Rating
Action: Outlook: Stable
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