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Freeman Health System, MO, Series 1999B&C Bond Rating Raised To 'AAA/A-1+' Oct 11 Product Image

Freeman Health System, MO, Series 1999B&C Bond Rating Raised To 'AAA/A-1+' Oct 11

  • Published: October 2011
  • Standard & Poors

Abstract
DALLAS (Standard & Poor's) Oct. 5, 2011--Standard & Poor's Ratings Services has raised its rating to 'AAA/A-1+' from 'AA+/A-1' on the Missouri Health and Educational Facilities Authority's variable-rate series 1999B and 1999C bonds issued on behalf of Freeman Health System. The rating action is based on the substitution of a letter of credit (LOC) provided by U.S. Bank N.A. (AA-/A-1+). "The 'AAA' long-term component of the rating reflects our opinion of the likelihood that debt service will be paid over the life of the issue," said Standard & Poor's credit analyst Kevin Holloran. "The short-term component of the rating is based solely on the LOC provider," Mr. Holloran added. The 'AAA' long-term component is also based on the application of...

Companies mentioned in this report are: Freeman Hlth Sys,Missouri Hlth & Educl Facs Auth
Action: Upgraded

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 READ MORE >

Freeman Hlth Sys,Missouri Hlth & Educl Facs Auth

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