Summary: Illinois Finance Authority Provena Health System; Joint Criteria; System Feb 10
Standard & Poors, February 2010
Abstract
Standard & Poor's Ratings Services assigned its 'BBB+' long-term rating to the Illinois Finance Authority's $126 million series 2010A and B fixed-rate revenue bonds issued for Provena Health System (Provena). At the same time, Standard & Poor's affirmed its 'BBB+' long-term rating on the authority's series 2009A fixed-rate revenue bonds, also issued for Provena, as well as its 'BBB+' issuer credit rating (ICR) on Provena. Finally, Standard & Poor's affirmed its 'AAA/A-1+' rating on the authority's series 2009B-D bonds issued for Provena. The rating is based on the application of our joint criteria using the low correlation chart. The long-term components of the ratings are jointly based on the long-term ratings on Provena Health (BBB+) and the letters of credit...
Companies mentioned in this report are:
- Provena Health System
- Illinois Fin Auth
Action: Affirmed
Action: New Rating
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 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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
- Provena Health System
- Illinois Fin Auth
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