- Language: English
- 774 Pages
- Published: October 2012
- Region: World
South Carolina Jobs Economic Development Authority Palmetto Health; Joint Criteria; System Mar 11
- Published: March 2011
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'BBB+' underlying rating (SPUR) to series 2011 bonds issued by South Carolina Jobs Economic Development Authority for Palmetto Health. The bonds are expected to be issued as insured (Assured Guaranty) fixed-rate obligations and will refund Palmetto's series 2008A and series 2008B obligations. At the same time, Standard & Poor's affirmed its 'BBB+' long-term rating and underlying rating (SPUR) on Palmetto Health's bonds outstanding. In addition, Standard & Poor's affirmed its 'AAA/A-1' ratings based on the low-correlation joint support of Palmetto and Bank of America (A+) as the irrevocable direct-pay letter of credit provider (expires June 2013) for the series 2008A and 2008B variable-rate demand obligations. Upon refunding, the ratings on the refunded bonds...
Companies mentioned in this report are: Palmetto Hlth,South Carolina Jobs Econ Dev 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
SHOW LESS READ MORE >
Palmetto Hlth,South Carolina Jobs Econ Dev Auth
|Electronic||The report will be emailed to you.|