- Language: English
- 1539 Pages
- Published: March 2012
- Region: Global
Summary: North Carolina Medical Care Commission CaroMont Health; Hospital; Joint Criteria
- Published: May 2011
- Region: North Carolina
- Standard & Poors
Standard & Poor's Rating Services has affirmed its 'AA-' underlying rating (SPUR) on North Carolina Medical Care Commission's $100.2 million series 2008 hospital revenue bonds, and $119.3 million series 2003 bonds, both issued for CaroMont Health. In addition, we affirmed the 'AAA/A-1' rating on the series 2003 bonds based on the application of Standard & Poor's joint criteria, using low correlation. The 'AAA' long-term component of the rating jointly reflects the credit worthiness of the letter-of-credit (LOC) provider, Bank of America N.A., and the obligor CaroMont. The short-term component of the rating is based on Bank of America. Since CaroMont's SPUR was raised in July 2010 to 'AA-' from 'A+', the organization's credit factors have remained consistent in our view,...
Companies mentioned in this report are: CaroMont Hlth,North Carolina Med Care Comm
Action: Outlook: Stable
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CaroMont Hlth,North Carolina Med Care Comm