Summary: California Health Facilities Financing Authority Stanford Hospital and Clinics; Hospital; Joint Criteria May 10

Standard & Poors, May 2010

Abstract
Standard & Poor's Ratings Services assigned its 'A+' long-term rating to California Health Facilities Financing Authority's series 2010A and 2010B revenue bonds, issued on behalf of Stanford Hospital and Clinics (SHC), Calif. At the same time, Standard & Poor's affirmed its 'A+' long-term and underlying rating (SPUR) on California Health Facilities Financing Authority's outstanding hospital revenue bonds, issued on behalf of SHC. Finally, Standard & Poor's affirmed its 'AAA/A-1' rating on SHC's 2008A-2, based on the application of our joint criteria, and affirmed its 'A+/A-1' rating on SHC's existing debt. The 'A-1' short-term rating is based on our view of SHC's liquidity. The assigned rating reflects our opinion of SHC's: Sound business position as a premier academic medical center in...

Companies mentioned in this report are: Stanford Hospital & Clinics,California Hlth Facs Fin Auth
Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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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.

Stanford Hospital & Clinics,California Hlth Facs Fin Auth

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