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Summary: Illinois Finance Authority Little Company Of Mary Hospital And Health Care Centers; Hospital Mar 09 Product Image

Summary: Illinois Finance Authority Little Company Of Mary Hospital And Health Care Centers; Hospital Mar 09

  • Published: March 2009
  • Standard & Poors

FEATURED COMPANIES

Abstract
Standard & Poor's Ratings Services revised its rating outlook to stable from positive on bonds issued by Illinois Finance Authority for Little Company Of Mary Hospital and Health Care Centers (LCOM). At the same time, Standard & Poor's affirmed its 'A' underlying rating (SPUR) on the authority's $134.3 million series 2008A and 2008B bonds issued for LCOM. The rating on the 2008 variable-rate demand bonds is 'AA-/A-1+' based on a letter of credit (LOC) provided by JPMorgan Chase Bank N.A., which expires in 2013. The change in outlook to stable from positive mainly reflects negative operating results in 2008, excluding one-time items, and approximately breakeven results year to date in 2009, which preclude an upgrade to 'A+' at this time....

Companies mentioned in this report are:
- Little Company of Mary Hosp & Hlth Care Cntrs
- Illinois Fin Auth

Action: Affirmed
Action: Outlook: Stable

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 READ MORE >

- Little Company of Mary Hosp & Hlth Care Cntrs
- Illinois Fin Auth

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