• +353-1-416-8900(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Scripps Health, CA's Series 2012A Bonds Rated 'AA-'; Series 2012B And 2012C Bonds Rated 'AA-/A-1+' Jan 12 Product Image

Scripps Health, CA's Series 2012A Bonds Rated 'AA-'; Series 2012B And 2012C Bonds Rated 'AA-/A-1+' Jan 12

  • Published: January 2012
  • Standard & Poors

Abstract
SAN FRANCISCO (Standard & Poor's) Jan. 5, 2012--Standard & Poor's Ratings Services assigned its 'AA-' rating to the California Health Facilities Financing Authority's $175.0 million series 2012A fixed-rate revenue bonds issued on behalf of Scripps Health (Scripps). At the same time, we assigned our 'AA-/A-1+' rating to the authority's $60.0 million series 2012B and $40.0 million series 2012C variable-rate demand bonds (VRDBs) also issued for Scripps. The series 2012B and 2012C bonds are expected to bear interest in the weekly mode initially and will be supported by self-liquidity. The outlook on all long-term ratings is stable. The short-term ratings reflect both the ample liquidity and the sufficiency of assets pledged by Scripps to cover the series 2012B and series 2012C...

Companies mentioned in this report are:
- Scripps Hlth
- California Hlth Facs Fincg Auth

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress READ MORE >

- Scripps Hlth
- California Hlth Facs Fincg Auth

Note: Product cover images may vary from those shown

RELATED PRODUCTS