Standard & Poor's Ratings Services assigned its 'A-1+' rating to Inova Health System Foundation's $100 million series 2010 commercial paper (CP) program. The 'A-1+' rating is based on Inova's self-liquidity. In addition, Standard & Poor's affirmed its 'AA+/A-1+' rating on Fairfax County Industrial Development Authority, Va.'s $95 million series 2010A-1 variable-rate demand bonds, issued for Inova. Inova issued the 2010 A-1 bonds in windows mode based on The Securities Industry and Financial Markets Assn. (SIFMA) index variable-rate mode. The 'AA+' long-term component of the rating is based on Inova's credit quality, while the 'A-1+' short-term component of the rating is based on Inova's self-liquidity (see section titled "Short-Term Rating On Self-Liquidity Debt"). Inova has identified appropriate procedures and personnel to...
Companies mentioned in this report are:
- Inova Hlth Sys Foundn
Action: New Rating
Action: Outlook: Stable
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