Standard & Poor's Ratings Services affirmed its 'AA+/A-1+' rating on California Statewide Communities Development Authority's (Adventist Health System/West) hospital variable-rate demand obligation bonds series 2007A, due to the bank facility being extended to May 20, 2012. The long-term component of the rating is based on the rating on Assured Guaranty Corp. The short-term component of the rating is based on the rating on Wells Fargo Bank N.A. The negative outlook is based on the outlook of the insurance provider. USPF Criteria: Bank Liquidity Facilities, June 22, 2007...
Companies mentioned in this report are:
- Adventist Hlth Sys/West
- California Statewide Communities Dev Auth
Action: Outlook: Negative
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