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Advocate Health Care Network, IL's Revenue And Refunding Bonds Assigned 'AA' Rating Nov 09
Standard & Poors, Nov 2009
Abstract
CHICAGO (Standard & Poor's) Nov. 30, 2009--Standard & Poor's Ratings Services assigned its 'AA' long-term rating to Illinois Health Facility Authority's $237.525 million series 2009A, 2009B, 2009C, and 2009D hospital revenue and refunding bonds issued for Advocate Health Care Network (AHCN). Also, Standard & Poor's affirmed its 'AA' long-term rating, and where applicable its 'AA/A-1+' rating, on various series of bonds issued by the authority on behalf of AHCN. The outlook on the long-term ratings is stable. 'The rating reflects AHCN's market leadership, extensive physician network, and solid financial profile,' said Standard & Poor's credit analyst Brian Williamson. 'AHCN posted total operating revenue of $3.7 billion in 2008 and a balance sheet with $4.9 billion of total assets including $2.0...
Companies mentioned in this report are: Advocate Hlth Care Network,Illinois Hlth Fac Auth
Action: Affirmed
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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