• 1-800-526-8630U.S. (TOLL FREE)
  • 1-917-300-0470EAST COAST U.S.
  • +353-1-416-8900REST OF WORLD
St. Joseph Health System, California; System Mar 08 Product Image

St. Joseph Health System, California; System Mar 08

  • ID: 2043838
  • March 2008
  • Region: California
  • Standard & Poors

FEATURED COMPANIES

  • Lubbock Hlth Fac Dev Corp
  • St. Joseph Hlth Sys
  • MORE

Abstract
Standard & Poor's Ratings Services affirmed its 'AA-' long-term and underlying ratings (SPUR) on St. Joseph Health System, Calif.'s outstanding debt, issued by the California Statewide Communities Development Authority (CSCDA) and the Lubbock Health Facilities Development Corporation, Texas. Given current market conditions, St. Joseph plans to remarket its series 2000 (Calif.) and series 2007A-F bonds to a fixed rate from March 24 to March 27. In addition, the health system plans to convert its series 2000 (Texas) and 2004A, B, and C bonds to variable rate demand bonds. At that time, we will assign a short-term rating based on St. Joseph's liquidity. Finally, while future financing plans regarding its series 1998 bonds are still preliminary, a refunding of its fixed...

Companies mentioned in this report are:
- St. Joseph Hlth Sys
- Lubbock Hlth Fac Dev Corp
- California Statewide Communities Dev Auth

Action: Affirmed

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

- St. Joseph Hlth Sys
- Lubbock Hlth Fac Dev Corp
- California Statewide Communities Dev Auth

Note: Product cover images may vary from those shown

RELATED PRODUCTS