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Summary: Illinois Finance Authority NorthShore University Health System; System Sep 10

  • ID: 1723945
  • September 2010
  • Region: Illinois
  • Standard & Poors
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FEATURED COMPANIES

  • Illinois Finance Agency
  • NorthShore Univ Hlth Sys
  • MORE

Abstract
Standard & Poor's Rating Services affirmed its 'AA/A-1+' rating on Illinois Finance Authority's $200 million variable-rate adjustable demand revenue bonds series 1995, 1996, 2001B, and 2001C, issued on behalf of NorthShore University Health System (NUHS). The ratings reflect NUHS' long-term rating and the substitute standby bond purchase agreements (SBPAs) provided by JPMorgan Chase Bank N.A. for the series 1996 and 2001B bonds and the SBPAs provided by Wells Fargo Bank N.A. for the series 1995 and 2001C bonds, effective Sept. 23, 2010. The new SBPAs are providing for principal of, and a maximum of, 35 days' interest on unremarketed tendered bonds. The SBPAs, which are scheduled to expire on Sept. 22, 2011, for the series 1995 and 1996 bonds and...

Companies mentioned in this report are:
- NorthShore Univ Hlth Sys
- Illinois Finance Agency

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 READ MORE >

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- NorthShore Univ Hlth Sys
- Illinois Finance Agency

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