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 Authority
Action: Outlook: Stable
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