|
|
 |
|
Viewing report
|
|
|
|
Association Of Bay Area Governments Finance Authority For Nonprofit Corps., California California Statewide Communities Development Authority Eskaton Subsidiaries; Long Term Care Nov 10
Standard & Poors, Nov 2010
Abstract
Standard & Poor's Ratings Services assigned its 'BBB' long-term rating to Association of Bay Area Governments Finance Authority for Nonprofit Corps., Calif.'s $37.5 million hospital revenue bonds series 2010, issued on behalf of Eskaton Subsidiaries (Eskaton). We understand the series 2010 bonds will be used to refund all or a portion of the organization's series 1999 bonds, with release of the debt service reserve fund. At the same time, Standard & Poor's affirmed its 'BBB' underlying rating (SPUR) on California Statewide Communities Development Authority's series 1999 bonds outstanding, also issued on behalf of Eskaton. The outlook is stable. Eskaton, a large provider of services to older adults throughout northern California, benefits from its considerable revenue and geographic diversity. The 'BBB'...
Companies mentioned in this report are: Eskaton and Subsidiaries,California Statewide Communities Dev Auth,ABAG Fin Auth For Nonprofit Corps
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
|
|
|
|
