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Illinois Finance Authority Northwestern Memorial Hospital; Hospital Mar 09
Illinois Finance Authority Northwestern Memorial Hospital; Hospital Mar 09
- Published: March 2009
- Standard & Poors
FEATURED COMPANIES
- Illinois Fin Auth
- Northwestern Mem Hosp
- MORE
Abstract
Standard & Poor's Ratings Services revised its rating outlook to negative from stable on debt issued by the Illinois Finance Authority on behalf of Northwestern Memorial Hospital (NMH). At the same time, Standard & Poor's assigned its 'AA+' long-term rating on the authority's $455.975 million series 2009 bonds issued on the behalf of NMH and also affirmed its 'AA+/A-1+' dual rating on series 1995, 2002C, 2004B1, 2007A2, 2007A4, 2007B1, 2007B2, 2008A, and 2008B and its 'AA+/A-1' dual rating on series 2004B2, 2007A1, and 2007A3. NMH will have approximately $807.2 million in bonds outstanding post issuance. The negative outlook reflects NMH's weakened balance sheet following some strain in financial operating performance in 2008, expected from the opening of the new Prentice...
Companies mentioned in this report are:
- Northwestern Mem Hosp
- 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
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- Northwestern Mem Hosp
- Illinois Fin Auth
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