Summary: Franklin County, Ohio OhioHealth; Joint Criteria; System Apr 10

Standard & Poors, April 2010

Abstract
Standard & Poor's Ratings Services affirmed its 'AA' long-term rating on Franklin County, Ohio's series 2003C-2 bonds and 'AA' underlying rating (SPUR) on the county's series 2003C-1 bonds. In addition, Standard & Poor's affirmed its 'AA/A-1+' dual rating on the county's series 2008A bonds and 'AAA/A-1+' dual rating on the county's series 2003D bonds. The county issued all bonds on behalf of OhioHealth. The outlook on the OhioHealth ratings remains stable. The long-term component of the rating for the 2008A bonds is based on that on OhioHealth (AA) and represents the likelihood that debt service will be paid over the life of the issue. The short-term component of the rating represents the likelihood of full and timely payment of tenders...

Companies mentioned in this report are:
- OhioHealth
- Franklin Cnty

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 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.

This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.

- OhioHealth
- Franklin Cnty

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