Summary: Catholic Health Initiatives, Colorado; System Oct 11

Standard & Poors, October 2011

Abstract
Standard & Poor's Ratings Services has assigned its 'AA' long-term ratings to Colorado Health Facilities Authority's $308.8 million series 2011A revenue bonds and Washington Health Care Facilities Authority's $102 million series 2011A revenue bonds, issued on behalf of Catholic Health Initiatives (CHI), Colo. In addition, Standard & Poor's assigned its 'AA/A-1+' ratings to Kentucky Economic Development Finance Authority's series 2011B-1, B-2, and B-3 revenue bonds, each for $52.3 million. We also affirmed our 'AA' long-term and underlying ratings (SPURs), 'AA/A-1+' dual ratings, and 'AA/NR' dual ratings, issued by various issuers for CHI, and our 'A-1+' short-term rating on CHI's taxable commercial paper (CP). We based the 'AA' long-term components of the dual ratings on our view of CHI's creditworthiness, and...

Companies mentioned in this report are:
- Catholic Health Initiatives
- Colorado Hlth Fac Auth
- Kentucky Econ Dev Fin Auth
- Washington Hlth Care Fac 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.

This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.

- Catholic Health Initiatives
- Colorado Hlth Fac Auth
- Kentucky Econ Dev Fin Auth
- Washington Hlth Care Fac Auth

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