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Summary: California Statewide Communities Development Authority Catholic Healthcare West; Joint Criteria May 08 Product Image

Summary: California Statewide Communities Development Authority Catholic Healthcare West; Joint Criteria May 08

  • Published: May 2008
  • Region: California
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services assigned its 'AAA/A-1+' rating to California Statewide Communities Development Authority's bonds, issued for Catholic Healthcare West (CHW) based jointly on the long-term rating of Catholic Healthcare West (A) and the rating of the LOC provider, Bank of America N.A. (AA+/A-1+). The short-term component of the rating on the bonds is based solely on the short-term component of the rating on Bank of America N.A. The 'A' long-term component of the rating reflects CHW's strength as one of the nation's largest not-for-profit hospital systems, with a record of continued operating improvement and strong cash flow during the past several years. Additionally, CHW has continued to build liquidity, even with significant reinvestment in its existing facilities and...

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

Action: New Rating

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- California Statewide Communities Dev Auth
- Dignity Hlth

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