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Carle Foundation, IL's Series 2009 Bonds Rated 'AA-' On Solid Credit Profile
Standard & Poors, Feb 2009
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.
Abstract
CHICAGO (Standard & Poor's) Feb. 26, 2009--Standard & Poor's Ratings Services assigned its 'AA-' standard long-term rating to the $78.85 million series 2009A bonds and assigned its 'AA-' underlying rating (SPUR) to the series 2009B, 2009C, 2009D, and 2009E variable-rate demand bonds expected to have an aggregate debt amount of $160 million, issued for Carle Foundation (Carle), Ill. by the Illinois Finance Authority. A joint criteria rating will also be assigned to the series 2009BE in a separate analysis from Standard & Poor's Structured Finance group. Standard & Poor's also affirmed its 'AA-' issuer credit rating (ICR) on Carle Foundation, which is the parent of Carle Foundation Hospital (Carle). 'The outlook is negative because of many uncertainties as Carle embarks...
Companies mentioned in this report are: Carle Foundn,Illinois Fin Auth
Action: New Rating
Action: Outlook: Negative
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