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Providence Health & Services, WA's Series 2011B Bonds Rated 'AA' On Healthy Operating And Utilization Trends Jun 11 Product Image

Providence Health & Services, WA's Series 2011B Bonds Rated 'AA' On Healthy Operating And Utilization Trends Jun 11

  • Published: June 2011
  • Standard & Poors

Abstract
NEW YORK (Standard & Poor's) June 9, 2011--Standard & Poor's Ratings Services has assigned its 'AA' long-term rating to Washington Health Care Facilities Authority's $103.275 million series 2011B revenue bonds issued on behalf of Providence Health & Services Obligated Group (PH&S), Wash. In addition, Standard & Poor's affirmed its 'AA' long-term rating and 'AA' underlying rating (SPUR) on PH&S's debt from various issuers as well as its 'AA/A-1+' on Clackamas County Hospital Facilities Authority, Ore.'s series 2003D-G bonds. Standard & Poor's also affirmed its 'A-1+' short-term rating on PH&S's existing commercial paper program. The rating reflects Standard & Poor's view of PH&S's status as one of the nation's largest not-for-profit health care providers with solid geographic and financial dispersion, and...

Companies mentioned in this report are: Providence Hlth & Svcs,Alaska Indl Dev and Export Auth,Clackamas Cnty Hosp Fac Auth,Oregon Fac Auth,Washington Hlth Care Fac Auth
Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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Providence Hlth & Svcs,Alaska Indl Dev and Export Auth,Clackamas Cnty Hosp Fac Auth,Oregon Fac Auth,Washington Hlth Care Fac Auth

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