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Fred Hutchinson Cancer Research Center, Washington; Non-Profit Organizations Oct 08
Standard & Poors, October 2008
Standard and Poor's Ratings Services assigned its 'A' underlying rating (SPUR) to the Washington Health Care Facilities Authority's revenue bonds, series 2001A, issued on behalf of the Fred Hutchinson Cancer Research Center (FHCRC). The bonds, originally issued in the selection auction variable rate securities (SAVRS) mode and insured by Ambac, are now being converted to the weekly rate mode with a letter of credit (LOC) from Bank of America. In addition, Standard & Poor's affirmed its 'A' issuer credit rating (ICR) on the FHCRC. For additional information on the ICR, please see the article published April 4, 2008, on RatingsDirect. The rating on the reoffered series 2001A bonds reflects: The general obligation of the FHCRC; The center's strength as one...
Companies mentioned in this report are: Fred Hutchinson Cancer Research Ctr,Washington Hlth Care Fac Auth
Action: New Rating
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
Fred Hutchinson Cancer Research Ctr,Washington Hlth Care Fac Auth