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'A+' Rating Assigned To Association Of American Medical College's Nearly $105 Million Revenue Bonds Oct 11
Standard & Poors, Oct 2011
Abstract
SAN FRANCISCO (Standard & Poor's) Oct. 3, 2011--Standard & Poor's Ratings Services assigned its 'A+' issuer credit rating (ICR) to Association of American Medical College (AAMC) and its 'A+' long-term rating to AAMC's nearly $105 million series 2011B revenue bonds, issued by the District of Columbia. The outlook is stable. At the same time, Standard & Poor's withdrew its ratings on AAMC's series 2007 revenue bonds and 1997B bonds because the bonds were recently refunded by the association's series 2011A bonds, which are not rated by Standard & Poor's. 'The organization's decision to move forward with an upcoming land purchase and construction of a new headquarters building, which will require a significant $160 million in new debt prompted our decision...
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: 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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