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Summary: Catholic Healthcare West, California; System May 08

  • ID: 2043685
  • May 2008
  • Region: California
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services assigned its 'A' long-term rating to California Health Facilities Financing Authority's (CHFFA) $298.7 million series 2008G, 2008H, 2008I, 2008J, 2008K, 2008L and California Statewide Communities Development Authority's (CSCDA) $146.250 million series 2008C, 2008D, 2008E uninsured fixed-rate bonds, issued for Catholic Healthcare West (CHW). Standard & Poor's also affirmed the 'A' rating on debt previously issued for CHW. The outlook is positive. The series 2008 bonds are being issued as exchange bonds and will replace approximately $444.95 million of CHW's outstanding insured auction-rate bonds. The issues specifically affected are CHFFA's series 2004B, 2005A, 2005B, 2005C, 2005E, and 2005F, CSCDA's series 2007A, 2007G, 2007H. CHW is also in the process of exchanging about $745.9 million outstanding auction-rate...

Companies mentioned in this report are:
- Dignity Hlth
- California Hlth Facs Fincg Auth
- California Statewide Communities Dev Auth

Action: New Rating
Action: Outlook: Positive

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Note: Product cover images may vary from those shown

- Dignity Hlth
- California Hlth Facs Fincg Auth
- California Statewide Communities Dev Auth

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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