California Statewide Communities Development Authority John Muir Health; Hospital; Joint Criteria; Lease Dec 11
Standard & Poors, December 2011
Abstract
Standard & Poor's Ratings Services has affirmed its 'A+' long-term rating and 'A+' underlying rating (SPUR) on the California Statewide Communities Development Authority's various series of fixed- and variable-rate bonds issued on behalf of John Muir Health (JMH). In addition, Standard & Poor's affirmed its 'AAA/A-1+' dual ratings on the authority's series 2008A and 2008C variable-rate revenue bonds issued on behalf of JMH. Standard & Poor's also affirmed the 'AAA/A-1' rating on the authority's series 2008B variable-rate revenue bonds also issued on behalf of JMH. The dual ratings reflect Standard & Poor's joint support criteria. Each of the letter of credit (LOC) providers for the series 2008A and 2008C bonds (Wells Fargo Bank N.A; 'AA-/A-1+'), and 2008B bonds (Bank of...
Companies mentioned in this report are:
- John Muir Health
- California Statewide Communities Dev Auth
Action: Affirmed
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
- John Muir Health
- California Statewide Communities Dev Auth
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