Summary: DeKalb, LaSalle, & Kendall Counties Community Unit School District No. 430 (Sandwich), Illinois; General Obligation Jun 13
- Language: English
- Published: June 2013
- Region: Illinois
Standard & Poor's Ratings Services removed its 'AA+/A-1+' rating on Illinois Finance Authority's (Resurrection Health Care) hospital variable-rate demand bonds revenue bonds series 2008A from CreditWatch with negative implications. At the same time, Standard & Poor's affirmed its rating on the bonds. The long-term component of the rating is based jointly (high correlation) on Standard & Poor's underlying rating (SPUR) for Resurrection Health Care and the direct-pay irrevocable letter of credit (LOC) provided by LaSalle Bank Midwest N.A. The short-term component of the rating is based on LaSalle Bank Midwest N.A. This action follows Standard & Poor's downgrade of LaSalle Bank Midwest N.A. to AA-/Negative/A-1+ from AA/Watch Neg/A-1+....
Companies mentioned in this report are:
- Illinois Fin Auth
Action: Removed From CreditWatch
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- Illinois Fin Auth