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California Statewide Communities Development Authority California Health Facilities Financing Authority Sutter Health; System Dec 11
Standard & Poors, Dec 2011
Abstract
Standard & Poor's Ratings Services assigned its 'AA-' long-term rating to Sutter Health, Calif.'s series 2011C bonds issued by California Statewide Communities Development Authority and $325 million series 2011D bonds issued by California Health Facilities Financing Authority. At the same time, Standard & Poor's affirmed its 'AA-' long-term rating and underlying rating (SPUR) on Sutter's health care revenue bonds outstanding, issued by various entities. The outlook on all ratings is stable. On Jan. 12, 2011, Standard & Poor's raised its rating on the Northern California-based health care system's bonds due to the system's strong business position and excellent and consistent operating results. The rating had previously been dampened due to somewhat weak liquidity characteristics, which were directly related to a...
Companies mentioned in this report are: Sutter Hlth,California Hlth Facs Fin Auth,California Statewide Communities Dev Auth
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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