- Language: English
- 774 Pages
- Published: October 2012
- Region: Global
South Carolina Jobs Economic Development Authority Palmetto Health; Joint Criteria; System Mar 11
- Published: March 2011
- Region: South Carolina
- 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
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Research Type: Full Analysis
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Palmetto Hlth,South Carolina Jobs Econ Dev Auth