- Published: May 2012
- Region: United States
Summary: Yuma Regional Medical Center, AZ Series 2008 Bonds Rating Lowered To 'A+/A-1'; Letter of Credit Jan 12
- Published: January 2012
- Standard & Poors
Standard & Poor's Ratings Services lowered its rating on Yuma City Industrial Development Authority, Ariz.'s (Yuma Regional Medical Center) variable-rate demand obligation bonds series 2008 to 'A+/A-1' from 'AA-/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+' (please 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. The long-term and short-term components of the rating are based on the rating on JPMorgan Chase Bank N.A., until Dec. 1, 2014. Criteria: Methodology And Assumptions: Approach To Evaluating Letter Of Credit-Supported Debt, July 6, 2009...
Companies mentioned in this report are: Yuma Regl Med Ctr,Yuma City Indl Dev Auth
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Yuma Regl Med Ctr,Yuma City Indl Dev Auth