Research And Markets Research And Markets
0 CHECKOUT

Summary: California Health Facilities Finance Authority Stanford Hospital & Clinics; Joint Criteria Jun 11

  • ID: 1815514
  • June 2011
  • Region: California
  • Standard & Poors
1 of 3

Abstract
Standard & Poor's Ratings Services affirmed its 'AAA/A-1' rating on California Health Facilities Finance Authority's (Stanford Hospital & Clinics) hospital variable-rate demand bonds series 2008A-2 due to the bank facility being extended to Sept. 1, 2011. The long-term component of the rating is based jointly (assuming low correlation) on the rating of the obligor, Stanford Hospital & Clinics, and the letter of credit provider, Bank of America N.A. The short-term component of the rating is based solely on Bank of America N.A. Criteria: Methodology And Assumptions: Approach To Evaluating Letter Of Credit-Supported Debt, July 6, 2009 Criteria: Joint Support Criteria Update, April 22, 2009 USPF Criteria: Municipal Applications For Joint Support Criteria, June 25, 2007...

Companies mentioned in this report are:
- Stanford Hlth Care
- California Hlth Facs Fincg Auth

Action: Affirmed

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 READ MORE >

Note: Product cover images may vary from those shown
2 of 3

- Stanford Hlth Care
- California Hlth Facs Fincg Auth

Note: Product cover images may vary from those shown
3 of 3
Note: Product cover images may vary from those shown