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
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