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Ascension Health, MO Bonds Rated 'AA/A-1+' And 'AA' On Robust Financial Performance Apr 08
Standard & Poors, April 2008
Abstract
DALLAS (Standard & Poor's) April 14, 2008--Standard & Poor's Ratings Services assigned its 'AA/A-1+' dual rating to Michigan State Hospital Finance Authority 's $525.4 million series 2008B1-B8 variable-rate demand obligations (VRDOs); Indiana Health Facilities Financing Authority's $177.150 million series 2008E1-E3 VRDOs; and Idaho Health Facilities Authority's $24.7 million series 2003D VRDOs, all issued for Ascension Health. The bonds were previously issued as auction-rate bonds and are being converted to VRDOs, supported by Ascension Health's own self-liquidity. In addition, Standard & Poor's assigned its 'AA' rating to Missouri Health and Educational Facilities Authority's $102.050 million series 2008C4 and 2008C5 serial-mode bonds and to Indiana Health Facilities Financing Authority's $224.175 million series 2008E4,2008E5,2008E7, and 2008E8 serial-mode bonds, all issued for Ascension Health....
Companies mentioned in this report are: Ascension Health Alliance,Idaho Hlth Fac Auth,Michigan St Hosp Fin Auth,Missouri Hlth & Educl Facs Auth,Indiana Hlth Fac Fin Auth
Action: Affirmed
Action: New Rating
Action: Outlook: Positive
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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