Summary: Henry Mayo Newhall Memorial Hospital, California; California Insured Hospital Jul 07
- ID: 2044360
- July 2007
- Region: California
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'A+' rating to the $75 million series 2007A and B insured revenue bonds issued by the California Statewide Communities Development Authority on behalf of the Henry Mayo Newhall Memorial Hospital. The rating is based on insurance from the state of California's Health Facilities Construction Loan Insurance Program (Cal-Mortgage). Under the Cal-Mortgage program, the bonds are guaranteed by the program's own Health Facilities Construction Loan Insurance Fund (HFCLIF), which is funded by upfront fees from new issuers, interest income on the fund, and the one-time insurance premium charged to borrowers. The ultimate backing for the program, however, is the full faith and credit of the state of California. In the event of a shortfall...
Companies mentioned in this report are:
- Henry Mayo Newhall Mem Hosp
- California Statewide Communities Dev Auth
Action: New Rating
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