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California Statewide Communities Development Auth's Bonds (Cal Mortgage Rfdg Pool) Rated 'AA-' Mar 00
Standard & Poors, March 2000
Abstract
SAN FRANCISCO (Standard & Poor's CreditWire) March 29, 2000--Standard & Poor's assigned its double-'A'-minus rating to California Statewide Communities Development Authority's $15.72 million insured certificates of participation 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 Refunding Pool. The bonds are scheduled to sell April 1, 2000. The outlook is stable. The rating is based on insurance from California's Health Facilities Construction Loan Insurance Program (Cal-Mortgage). Under the Cal-Mortgage program, the bonds are guaranteed by the program's own Health...
Companies mentioned in this report are: 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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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