Summary: Illinois Finance Authority Silver Cross Health System; Hospital Jun 10

Standard & Poors, June 2010

Abstract
Standard & Poor's Ratings Services affirmed its 'BBB' long-term rating and underlying rating (SPUR) on the Illinois Finance Authority's series 2008A, 2005A, 2005C, and 1999 bonds issued for Silver Cross Health System (SCHS) and affiliates. At the same time, Standard & Poor's affirmed its 'BBB' long-term rating on the authority's series 2009 fixed-revenue bonds issued for SCHS. The rating affects $382 million of long-term debt. The rating reflects our view of SCHS': Improved profitability, with a 2.9% profit margin for the six months ended March 31, 2010, as compared with a weak fiscal 2009 and 0.9% profit margin; Good business position with a continued 31% market share in Will County, further enhanced by plans to relocate to New Lenox and...

Companies mentioned in this report are:
- Silver Cross Hosp
- 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 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.

- Silver Cross Hosp
- Illinois Fin Auth

Customers who bought this item also bought

• Local Government Services Market Review 2010
• Charter Schools - Global Outlook
• 2012 America's Neighborhoods-Zip Code 20902 for Silver Spring, MD report
• 2012 America's Neighborhoods-Zip Code 20904 for Silver Spring, MD report
• 2012 America's Neighborhoods-Zip Code 20906 for Silver Spring, MD report
• Fund Governance: Legal Duties of Investment Company Directors.
• Academic Library Cataloging Practices Benchmarks
• Transportation & Urban Investment Finance Review 2012/13
• IntelliNews - Bosnia and Herzegovina Country Report - Issue 3, 2013
• United States Battery Market for Military/Aerospace Applications