Illinois Financing Authority University of Chicago Medical Center; Hospital; Joint Criteria Feb 10
- ID: 1723782
- February 2010
- Region: Illinois
- Standard & Poors
Standard & Poor's Ratings Services revised its outlook to stable from negative on the Illinois Financing Authority's debt issued on behalf of the University of Chicago Medical Center (UCMC). At the same time, Standard & Poor's affirmed its 'AA-' long-term rating on the authority's $200.125 million series 2001, 2003, and 2009A-C bonds and its 'AA-' underlying rating (SPUR) on the authority's $140 million series 2009D and E bonds, all issued on behalf of UCMC. UCMC will be converting to fixed-rate mode from variable-rate mode the authority's series 2009A-1, 2009A-2, 2009B-1, and 2009B-2 bonds. Upon the conversion, Standard & Poor's will change its rating to 'AA-' from 'AAA/A-1+' on the 2009A-1 and A-2 bonds, and to 'AA-' from 'AAA/A-1' on the...
Companies mentioned in this report are:
- University of Chicago Med Ctr
- Illinois Fin Auth
Action: Outlook Revised
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