Summary: Illinois Finance Authority Rush University Medical Center Obligated Group; Joint Criteria; System Sep 10

Standard & Poors, September 2010

Abstract
Standard & Poor's Ratings Services affirmed its 'A-' long-term rating on the Illinois Finance Authority's series 2009A-D fixed-rate hospital revenue bonds and its 'A-' underlying rating (SPUR) on the authority's series 2008A and 2006B revenue bonds, all issued for the Rush University Medical Center Obligated Group (Rush). At the same time, Standard & Poor's affirmed its 'AAA/A-1+' dual rating on the authority's series 2008A variable-rate demand bonds (VRDBs), also issued for Rush. The outlook is stable. The 'AAA/A-1+' dual rating on the series 2008A VRDBs is based on our joint criteria, with the long-term component of the rating based jointly on the Northern Trust Bank (AA) and Rush long-term ratings. The 'A-1+' short-term component of the rating is based on...

Companies mentioned in this report are:
- Rush Univ Med Ctr Obligated Grp
- 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.

- Rush Univ Med Ctr Obligated Grp
- Illinois Fin Auth

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