SAN FRANCISCO (Standard & Poor's) April 16, 2007--Standard & Poor's Ratings Services assigned its 'AA-' rating to the California Health Facilities Financing Authority's $774.7 million series 2007A revenue bonds and the $160.0 million series 2007B and C auction rate notes, issued for Sutter Health System, Calif. At the same time, Standard & Poor's affirmed its 'AA-' rating on various issuers' approximately $1.5 billion health care revenue bonds, issued for Sutter Health. The outlook is stable. "We expect that Sutter will maintain its track record of strong operating results and debt service coverage, given its good market position with little excess capacity in many of its markets," said Standard & Poor's credit analyst Geraldine Poon. "With Sutter's plans to issue roughly...
Companies mentioned in this report are:
- Sutter Hlth
- California Hlth Facs Fincg Auth
- California Statewide Communities Dev Auth
Action: New Rating
Action: Outlook: Stable
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Research type: News
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