Summary: Marysville, California California Statewide Communities Development Authority Fremont-Rideout Health Group; Hospital Oct 11
Standard & Poors, October 2011
Abstract
Standard & Poor's Ratings Services revised the rating outlook to stable from negative and affirmed its 'A' rating and underlying rating (SPUR) on Marysville, Calif.'s revenue bonds (series 2003A) and the California Statewide Communities Development Authority's series 2006A revenue bonds, all issued for Fremont-Rideout Health Group (FRHG). At the same time, we assigned our 'A' rating to Marysville's $110.45 million fixed-rate revenue bonds issued for FRHG. We understand that management intends to use the proceeds of the bonds to fund part of the organization's new tower construction project. Standard & Poor's also withdrew its rating on the 1998A bonds issued for FRHG, because the bonds were recently refinanced with a 10-year lease from Wells Fargo. The revised outlook and 'A'...
Companies mentioned in this report are:
- Fremont-Rideout Hth Grp
- Marysville
- California Statewide Communities Dev Auth
Action: Affirmed
Action: New Rating
Action: Outlook: Stable
Action: Withdrawn
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.
- Fremont-Rideout Hth Grp
- Marysville
- California Statewide Communities Dev Auth
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