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California Statewide Communities Development Authority, Kaiser Permanente; System Mar 10
Standard & Poors, March 2010
Abstract
Standard & Poor's Ratings Services affirmed its 'A+/A-1' long-term ratings on California Statewide Communities Development Authority's series 2004E, 2008C, and 2009D bonds, issued on behalf of Kaiser Permanente (Kaiser). At the same time, Standard & Poor's affirmed its 'A+' and 'A+/A-1' ratings on Kaiser's outstanding bonds (various issues). The outlook is stable. Kaiser, one of the nation's largest health insurance providers and the largest integrated delivery system in California, continues to benefit from what we consider is its solid market position, sound revenue increases, and ability to contain costs through its care management model and information technology. Kaiser's credit stability is supported, in our view, by its solid financial performance and strong liquidity. More specifically, the long-term rating reflects our...
Companies mentioned in this report are: Kaiser Permanente,California Hlth Facs Fin Auth,California Statewide Communities Dev Auth
Action: New Rating
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.
Research Type: Full Analysis
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