• SELECT SITE CURRENCY
Select a currency for use throughout the site
Summary: Adventist Health System/West, California; Joint Criteria; System May 11
Standard & Poors, May 2011
Standard & Poor's Ratings Services has affirmed its 'A' long-term rating on $536 million series 2003A, 2005A, 2009, 2009A, and 2009C bonds issued by various authorities for Adventist Health System/West (Adventist Health), Calif. At the same time, we affirmed our 'A' underlying rating (SPUR) on $145 million series 2007A, 2007B, and 2009B bonds also issued for Adventist Health. We also affirmed our 'AAA/A-1+' rating on the $30 million series 2009B bonds issued for Adventist Health whereby the long-term component of the rating is based on the application of joint criteria reflecting the ratings on U.S. Bank and Adventist Health System/West. We based the short-term component of the rating solely on U.S. Bank's letter of credit (LOC), which expires in 2012....
Companies mentioned in this report are: Adventist Hlth Sys/West
Action: Outlook: Stable
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.
Adventist Hlth Sys/West