Cape Girardeau Industrial Development Authority, Missouri Missouri Health and Educational Facilities Authority Saint Francis Medical Center; Hospital; Joint Criteria Jun 11

Standard & Poors, June 2011

Abstract
Standard & Poor's Ratings Services affirmed its 'A+' long-term rating on Cape Girardeau Industrial Development Authority, Mo.'s series 2009A and 2002A bonds issued for Saint Francis Medical Center (SFMC). At the same time, Standard & Poor's affirmed its 'AAA/A-1+' dual rating and 'A+' underlying rating (SPUR) on the authority's series 2009B bonds issued for SFMC. Standard & Poor's also affirmed its 'AAA/A-1+' dual rating and 'A+' SPUR on the Missouri Health and Educational Facilities Authority's series 1996A bonds issued for SFMC. The long-term component of the dual ratings is based on low-correlation joint criteria between the 'A+' SPUR on SFMC and the liquidity provider Wells Fargo's 'AA/A-1+' rating, and the short-term component is based solely on letters of credit (LOC)...

Companies mentioned in this report are:
- St Francis Med Ctr
- Missouri Hlth & Educl Facs Auth
- Cape Girardeau Indl Dev 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 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.

Research Type: Full Analysis

- St Francis Med Ctr
- Missouri Hlth & Educl Facs Auth
- Cape Girardeau Indl Dev Auth

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