Rating Revised To 'AA-' On Various Series Of University of Chicago Medical Center, IL's Bonds Jun 10

Standard & Poors, June 2010

Abstract
CHICAGO (Standard & Poor's) June 11, 2010--Standard & Poor's Ratings Services revised its rating to 'AA-' from 'AAA/A-1+' on the Illinois Finance Authority's 2009A-1 and A-2 bonds, and to 'AA-' from 'AAA/A-1' on the authority's 2009B-1 and B-2 bonds, all issued on behalf of the University of Chicago Medical Center (UCMC). At the same time, Standard & Poor's withdrew its 'AA-' underlying rating (SPUR) on the authority's 2009A-1, A-2, B-1, and B-2 bonds because the bonds converted to fixed-rate mode from variable-rate mode on April 8, 2010. The outlook remains stable. For more details on UCMC, please see our report published Feb. 26, 2010, on RatingsDirect on the Global Credit Portal. RELATED CRITERIA AND RESEARCH USPF Criteria: Not-For-Profit Health Care,...

Companies mentioned in this report are:
- University of Chicago Med Ctr
- Illinois Fin Auth

Action: Downgraded
Action: Outlook: Stable
Action: Withdrawn

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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

- University of Chicago Med Ctr
- Illinois Fin Auth

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