Illinois Finance Authority Resurrection Health Care Corp.; Joint Criteria; System Nov 09
- ID: 1723718
- November 2009
- Region: Illinois
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'BBB+' long-term rating on Illinois Finance Authority's $112.7 million series 2009 revenue refunding bonds issued on behalf of Resurrection Health Care Corp. and its affiliates (RHC). Standard & Poor's also affirmed its 'BBB+' long-term rating and underlying rating (SPUR) on the authority's existing debt and its 'AAA/A-1+' joint-criteria rating on the authority's series 2005B and 2008B bonds and 'AA+/A-1' joint-criteria rating on the authority's series 2005C and 2008A bonds. The outlook on the unenhanced rating and SPUR on RHC remains negative. The 'AAA' component of the joint-criteria rating on the series 2005B and 2008B bonds is based jointly on the obligor and the letters of credit (LOCs) provided by JP Morgan Chase Bank...
Companies mentioned in this report are:
- Illinois Finance Authority
Action: New Rating
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Research Type: Full Analysis