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Anne Arundel Health System, MD Series 2009B Bond Rating Raised To 'AAA/A-1' May 11
Standard & Poors, May 2011
Abstract
NEW YORK (Standard & Poor's) May 25, 2011--Standard & Poor's Ratings Services has raised its rating to 'AAA/A-1' from 'AA+/A-1' on Maryland Health & Higher Education Facilities Authority's $60.00 million series 2009B hospital revenue bonds, issued for Anne Arundel Health System (AAHS), due to a substitution of enhancement effective May 26, 2011, to a letter of credit provided by Bank of America N.A. Standard & Poor's also assigned its 'A-' underlying rating (SPUR) to the issue. The 'AAA/A-1' is based on the application of Standard & Poor's low correlation joint criteria whereby AAHS is rated 'A-' and the LOC provider, Bank of America, is rated 'A+/A-1'. RELATED CRITERIA AND RESEARCH USPF Criteria: Not-For-Profit Health Care, June 14, 2007 Criteria: Methodology...
Companies mentioned in this report are: Anne Arundel Hlth Sys,Maryland Hlth & Hgr Ed Facs Auth
Action: New Rating
Action: Upgraded
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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