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California Statewide Communities Development Authority John Muir Health; Hospital; Lease Apr 08
Standard & Poors, April 2008
Abstract
Standard & Poor's Ratings Services assigned its 'A+' underlying rating (SPUR) on California Statewide Communities Development Authority's $147.4 million series 2008A-C variable-rate revenue bonds issued on behalf of John Muir Health (JMH), formerly known as John Muir/Mt. Diablo Health System. The series 2008 bonds are expected to sell with letters of credit from UBS Securities (series 2008A and 2008B) and Wells Fargo Bank (series 2008C) and Standard & Poor's expects to publish the ratings shortly. Standard & Poor's also affirmed its 'A+' standard long-term rating and 'A+' underlying rating (SPUR) on the authority's $302.9 million series 2006A-C revenue bonds and $88.0 million series 1997 and 2005A revenue bonds, all issued for JMH. The series 2008A-C bonds will refund the series...
Companies mentioned in this report are: John Muir Health,California Statewide Communities 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
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