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Carilion Clinic Obligated Group, Virginia; System Jan 12
Standard & Poors, January 2012
Standard & Poor's Ratings Services has assigned its 'A+' rating to Roanoke Economic Development Authority, Va.'s $84.16 million series 2012 hospital revenue bonds issued for Carilion Clinic Obligated Group (Carilion), Va. The outlook is stable. Standard & Poor's also affirmed its 'A+' long-term ratings and underlying ratings (SPURs) on multiple issuers' health care revenue bonds, issued for Carilion, as well as our 'A-1+' and 'A-1' short-term ratings on various bonds backed by standby bond purchase agreements. Finally, we lowered the rating on series 2005A-1 and 2005A-2 to 'AA-/A-1+' from 'AA+/A-1+'. This action follows Standard & Poor's Ratings Services Nov. 30, 2011 Assured Guaranty Municipal Corp. downgrade to 'AA-' from 'AA+' and its subsequent removal from CreditWatch with negative implications (please...
Companies mentioned in this report are: Carilion Clinic Obligated Grp,Roanoke Econ 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
Carilion Clinic Obligated Grp,Roanoke Econ Dev Auth