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Advocate Health Care Network, IL's Series 2011A Bds Assigned 'AA' Rtg; Series 2011B Bds Assigned 'AA/A-1+' Rtg Sep 11
Standard & Poors, Sep 2011
Abstract
CHICAGO (Standard & Poor's) Sept. 7, 2011--Standard & Poor's Ratings Services assigned its 'AA' long-term rating to the Illinois Finance Authority's $44.6 million series 2011A bonds and its 'AA/A-1+' rating to the authority's $70 million series 2011B bonds issued on behalf of Advocate Health Care Network (AHCN). At the same time we affirmed our 'AA' long-term ratings and, where applicable, our 'AA/A-1+' and 'AA/A-1' ratings on various series of the authority's bonds issued on behalf of AHCN. The outlook on all ratings is stable. 'The 'AA' long-term ratings reflect our view of AHCN's good financial profile, good balance sheet measures, leading market share, and position as Chicago's largest and most successfully integrated health delivery system,' said Standard & Poor's credit...
Companies mentioned in this report are: Advocate Hlth Care Network,Illinois Fin Auth
Action: Affirmed
Action: New Rating
Action: Outlook: Stable
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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