Summary: Barclays Capital Inc. (Ascension Health) Series 2010-25W Floater-TRs Rating Raised To 'AA+/A-1+' And Series 2010-25W RI-TRs Rating Raised To 'AA+'; Residual Certificates; Tender Option Certificates/Bonds May 11
- ID: 1787727
- May 2011
- Standard & Poors
Standard & Poor's Ratings Services has raised its ratings on Barclays Capital Inc.'s series 2010-25W municipal trust receipts, floating-rate trust receipts (Floater-TRs), relating to the Rutherford County Health & Educational Facilities Board, Tenn.'s series 2010C revenue bonds (Ascension Health Senior Credit Group) to 'AA+/A-1+' from AA/A-1+' and Barclays' series 2010-25W municipal trust receipts, residual interest trust receipts (RI-TRs), relating to Rutherford County Health & Educational Facilities Board's series 2010C revenue bonds (Ascension Health Senior Credit Group) to 'AA+' from 'AA'. The long-term component of the rating is based on the underlying bond (CUSIP # 78324PAB5). The short-term component of the rating is based on the liquidity facility provided by Barclays Bank PLC. This action follows Standard & Poor's May 04,...
Companies mentioned in this report are:
- Ascension Health Alliance
- Barclays Capital Inc.
- Rutherford Cnty Hlth & Ed Fac Bd
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. SHOW LESS READ MORE >