Illinois Finance Authority Carle Foundation; Hospital; Joint Criteria Apr 11
Standard & Poors, April 2011
Abstract
Standard & Poor's Ratings Services has lowered its issuer credit rating (ICR) on the Carle Foundation (Carle FD) to 'A+' from 'AA-' and lowered the long-term ratings and underlying ratings (SPURs) on debt issued by the Illinois Finance Authority for the Carle FD to 'A+' from 'AA-'. At the same time, Standard & Poor's assigned its 'A+' long-term rating to the $230.505 million series 2011A revenue bonds issued by the authority on behalf of the Carle Foundation. The outlook is stable. Standard & Poor's also affirmed its 'AAA/A-1+' joint-criteria ratings on Carle FD's series 2009B-E bonds based on the application of our joint criteria using our low correlation methodology. The long-term components of the ratings are jointly based on the...
Companies mentioned in this report are:
- Carle Foundn
- Illinois Fin Auth
Action: New Rating
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: Full Analysis
- Carle Foundn
- Illinois Fin Auth
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