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Advocate Health Care Network, IL Hospital Revenue Bonds Rated 'AA/A-1+'; Outlook Stable Oct 03
Standard & Poors, Oct 2003
Abstract
NEW YORK (Standard & Poor's) Oct. 16, 2003--Standard & Poor's Ratings Services has assigned its 'AA/A-1+' rating to the $115 million Illinois Health Facilities Authority's hospital revenue bonds, series 2003A, 2003B, and 2003C bonds, issued on behalf of Advocate Health Care Network (AHCN), based in Oak Brook, Ill. The outlook is stable. The sale date is October 22. In addition, Standard & Poor's has affirmed the 'AA' and 'AA/A-1' ratings on the Illinois Health Facilities Authority's outstanding bonds issued on behalf of AHCN. The series 2003 bonds are issued as multimodal bonds, with initial put periods occurring in January, March, and July of each year. 'The 'AA' long-term rating reflects the AHCN's strong governance structure and sound management team, generally...
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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