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Advocate Health Care Network, IL $131M Revenue Bonds Rated 'AA' Oct 00
Standard & Poors, Oct 2000
Abstract
NEW YORK (Standard & Poor's CreditWire) Oct. 26, 2000--Standard & Poor's today assigned its double-'A' rating to Illinois Health Facility Authority's $131.7 million series 2000 revenue bonds, issued for Advocate Health Care Network (AHCN). The bonds are scheduled to sell Nov. 15, 2000. The bonds are an unsecured obligation of AHCN and utilize the parent/restricted affiliate legal structure, with AHCN being the parent corporation. In addition, Standard & Poor's affirmed its double-'A' long-term rating on AHCN's outstanding debt and its 'A-1' short-term rating on series 1997B variable-rate demand revenue refunding bonds, based on a liquidity agreement provided severally by Bank One N.A., Chicago, Ill.; Bank of America N.A.; and Northern Trust Co., Chicago, Ill. The double-'A' rating reflects: -- A...
Companies mentioned in this report are: Advocate Hlth Care Network,Illinois Hlth 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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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