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Summary: Adventist Health System/West, California; Joint Criteria; System May 11

  • ID: 1804636
  • May 2011
  • Region: California
  • Standard & Poors
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  • Adventist Hlth Sys/West
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Abstract
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: Affirmed
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 READ MORE >

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- Adventist Hlth Sys/West

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