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

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

  • Published: June 2011
  • Region: California
  • Standard & Poors

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 Hospital & Clinics,California Hlth Facs Fin 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 READ MORE >

Stanford Hospital & Clinics,California Hlth Facs Fin Auth

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