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Summary: Washington Health Care Facilities Authority, Washington Fred Hutchinson Cancer Research Center; Joint Criteria; Non-Profit Organizations Oct 09
Standard & Poors, October 2009
Standard and Poor's Ratings Services assigned its 'A' long-term rating to Washington Health Care Facilities Authority, Wash.'s series 2009A revenue bonds, issued on behalf of the Fred Hutchinson Cancer Research Center (FHCRC). In addition, Standard & Poor's affirmed its 'A' issuer credit rating (ICR) on the FHCRC and its 'A' underlying rating (SPUR) on the center's outstanding debt. The rating on the series 2009A bonds reflects FHCRC's: General obligation; Strength as one of the few comprehensive cancer centers in the nation, with a history of strong grant support and solid success rate with the National Institutes of Health (NIH) and National Cancer Institute (NCI); Independence and flexibility as a freestanding research center without the risks of a clinical care component;...
Companies mentioned in this report are: Fred Hutchinson Cancer Research Ctr,Washington Hlth Care Fac Auth
Action: New Rating
Action: Outlook: Stable
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Fred Hutchinson Cancer Research Ctr,Washington Hlth Care Fac Auth