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

Standard & Poors, September 2010

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 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.

- NorthShore Univ Hlth Sys
- Illinois Fin Auth

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