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Illinois Financing Authority University of Chicago Medical Center; Hospital; Joint Criteria Feb 10 Product Image

Illinois Financing Authority University of Chicago Medical Center; Hospital; Joint Criteria Feb 10

  • ID: 1723782
  • February 2010
  • Region: Illinois
  • Standard & Poors

Abstract
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

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.

Research Type: Full Analysis

- University of Chicago Med Ctr
- Illinois Fin Auth

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