Cleveland Clinic Health System, Ohio; Hospital; Joint Criteria; System Apr 09

Standard & Poors, April 2009

Abstract
Standard & Poor's Ratings Services affirmed its 'AA-' long-term rating on Ohio Higher Educational Facility Commission's series 2008A fixed-rate hospital revenue bonds and Cuyahoga County, Ohio's various bond series issued on behalf of Cleveland Clinic Health System's obligated group (CCHS). Standard & Poor's also affirmed its 'AA-/A-1+' rating on the commission's series 2008B hospital variable-rate demand bonds (VRDBs) and Cuyahoga County's various bond series also issued on behalf of CCHS. The short-term component of the rating on the series 2008B bonds reflects CCHS's own liquidity. In addition, Standard & Poor's affirmed its 'AAA/A-1+' rating on Collier County Health Facilities Authority, Fla.'s series 2003C-1 VRDBs, issued for CCHS based on the application of joint criteria, supported by a letter of credit...

Companies mentioned in this report are:
- Cleveland Clinic Hlth Sys
- Ohio Hgr Ed Fac Com
- Cuyahoga Cnty
- Lakewood
- Lakewood Hosp Association
- Collier Cnty Hlth Fac 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 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

- Cleveland Clinic Hlth Sys
- Ohio Hgr Ed Fac Com
- Cuyahoga Cnty
- Lakewood
- Lakewood Hosp Association
- Collier Cnty Hlth Fac Auth

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