Summary: California Statewide Comntys Dev Auth; Health Care, California Insured Hospital Mar 03

  • ID: 2043653
  • March 2003
  • Region: California
  • Standard & Poors
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The rating on California Statewide Communities Development Authority's $15.72 million insured certificates of participation (COPs) series 2000, issued for Altamed Health Services Corp., Central Valley Indian Health Inc., Del Norte Clinics Inc., Open Door Community Health Centers Inc., Salud Para La Gente, Sequoia Community Health Foundation Inc., Social Science Services, Inc., and United Health Centers of the San Joaquin Valley Inc via the California Mortgage Insurance Program, is downgraded to 'A' from 'AA-' based solely on the downgrade of the state of California's GO rating to 'A'. The rating downgrade does not reflect any underlying credit concerns regarding Cal-Mortgage. The state of California downgrade followed Governor Gray Davis' announcement of a projected general fund budget gap of $34 billion for...

Companies mentioned in this report are:
- California Statewide Communities Dev Auth

Action: Downgraded

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- California Statewide Communities Dev Auth

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