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Summary: California Statewide Communities Development Authority JPMorgan Chase Bank N.A. LOC-Backed Rating Lowered To 'AA-/A-1+'; Hospital Apr 09 Product Image

Summary: California Statewide Communities Development Authority JPMorgan Chase Bank N.A. LOC-Backed Rating Lowered To 'AA-/A-1+'; Hospital Apr 09

  • ID: 2044253
  • April 2009
  • Region: California
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services lowered its rating on California Statewide Communities Development Authority JPMorgan Chase Bank N.A. letter of credit (LOC)-backed series 2005B health care revenue bonds, issued for Redlands Community Hospital, to 'AA-/A-1+' from 'AA/A-1+'. This action follows Standard & Poor's downgrade of JPMorgan Chase Bank N.A. to 'AA-/A-1+' from 'AA/A-1+'....

Companies mentioned in this report are:
- Redlands Comnty Hosp
- California Statewide Communities Dev Auth

Action: Downgraded

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.

This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.

Note: Product cover images may vary from those shown

- Redlands Comnty Hosp
- California Statewide Communities Dev Auth

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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