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Association of American Medical Colleges District of Columbia; General Obligation; Joint Criteria; Non-Profit Organizations Oct 11
Standard & Poors, Oct 2011
Abstract
Standard & Poor's Ratings Services assigned its 'A+' issuer credit rating (ICR) to the Association of American Medical Colleges (AAMC). At the same time, Standard & Poor's assigned its 'A+' long-term rating to AAMC's nearly $105 million series 2011B revenue bonds, issued by the District of Columbia.. The outlook on all ratings is stable. Finally, Standard & Poor's withdrew its ratings on AAMC's series 2007 and 1997B bonds. The bonds were recently refunded by taxable bank loans, which are not rated by Standard & Poor's. The lower rating from those on the formerly outstanding bonds reflects our view of the organization's decision to move forward with the construction of a new headquarters building, which will require a significant $160 million...
Companies mentioned in this report are: Assn of American Med Coll,District of Columbia
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: Full Analysis
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