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Calif. Statewide Communities Development Auth/Mt Diablo Hlth Sys' Short-Term Rtg Reinstated Aug 99
Standard & Poors, Aug 1999
Abstract
NEW YORK (Standard & Poor's CreditWire) Aug. 6, 1999--Standard & Poor's today reinstated its short-term rating on California Statewide Communities Development Authority's $44 million variable-rate certificates of participation, issued for Mt. Diablo Health System, to triple-'A'/'A-1'-plus from triple-'A'/'NR' The 'A-1'-plus short-term rating has been reinstated following the receipt of the Rabobank Nederland Standby Certificate Purchase Agreement (SPBA). The agreement has been amended to reflect the new Stated Expiration Date as Oct. 28, 1999, Standard & Poor's said. -- CreditWire...
Companies mentioned in this report are: California Statewide Communities Dev Auth
Action: Rating Reinstated
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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