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Advocate Health Care Network, IL Bonds Rated 'AA/A-1+' On Very Strong Financial Profile Apr 08
Standard & Poors, April 2008
Abstract
NEW YORK (Standard & Poor's) April 17, 2008--Standard & Poor's Ratings Services assigned its 'AA/A-1+' rating to Illinois Finance Authority's $122.45 million series B1-5 and $348.30 million series C-1,C-2A,C-2B,C-3A and C-3B variable-rate demand bonds issued for Advocate Health Care Network (AHCN). In addition, Standard & Poor's affirmed its 'AA/A-1+' rating on the authority's $153.43 million series 2008A-1-3 bonds and $68.89 million series 2003A and 2003C bonds previously issued for AHCN. Also, Standard & Poor's affirmed its 'AA' long-term rating and 'AA-'underlying rating (SPUR) on various series of health care revenue and refunding bonds issued by the authority for AHCN. All long-term ratings assigned and affirmed reflect the credit characteristics of AHCN alone. The 'A-1+' short term component of the ratings...
Companies mentioned in this report are: Advocate Hlth Care Network
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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