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Summary: Bon Secours Health System Inc., MD Series 2002B, 2002B, And 2008A Bonds Ratings Lowered To ?AAA/A-1?; Joint Criteria Dec 11 Product Image

Summary: Bon Secours Health System Inc., MD Series 2002B, 2002B, And 2008A Bonds Ratings Lowered To ?AAA/A-1?; Joint Criteria Dec 11

  • Published: December 2011
  • Standard & Poors

Abstract
Standard Poor's Ratings Services lowered its ratings on Venice, Fla.'s hospital variable-rate demand obligation bonds series 2002B, Russell, Ky.'s hospital variable-rate demand obligation bonds series 2002B, and South Carolina Jobs Economic Development Authority's hospital variable-rate demand obligation bonds series 2008A, all issued on behalf of Bon Secours Health System Inc., to 'AAA/A-1' from 'AAA/A-1+'. This action follows Standard Poor's Nov. 29, 2011, downgrade of its rating on JPMorgan Chase Bank N.A. to 'A+/A-1' from 'AA-/A-1+' (see "Standard & Poor's Applies Its Revised Bank Criteria To 37 Of The Largest Rated Banks And Certain Subsidiaries," published Nov. 29, 2011, on RatingsDirect on the Global Credit Portal. Criteria: Methodology And Assumptions: Approach To Evaluating Letter Of Credit-Supported Debt, July 6, 2009...

Companies mentioned in this report are: Bon Secours Hlth Sys, Inc.,Venice,South Carolina Jobs Econ Dev Auth,Russell
Action: Downgraded

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Bon Secours Hlth Sys, Inc.,Venice,South Carolina Jobs Econ Dev Auth,Russell

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