Sutter Health, CA's Revenue Bond Outlook Revised To Positive On Improvement In Liquidity Position Jan 10
Standard & Poors, January 2010
Abstract
SAN FRANCISCO (Standard & Poor's) Jan. 20, 2010-- Standard & Poor's Ratings Services revised its outlook to positive from stable on its 'A+' long-term rating and underlying rating (SPUR) on outstanding health care revenue bonds issued by the California Health Facilities Finance Authority and California Statewide Communities Development Authority on behalf of Sutter Health, a health care system based in Northern California. At the same time, Standard & Poor's affirmed its 'A+' long-term ratings and SPURs on Sutter Health's outstanding bonds. Finally, Standard & Poor's removed its 'A+' rating from Sutter's series 1993A, 1997A, and 1997B revenue bonds and 1993 COPs (various issuers) which we understand were redeemed. "The positive outlook reflects our view of a sharp improvement in Sutter...
Companies mentioned in this report are:
- Sutter Hlth
- California Hlth Facs Fincg Auth
- California Statewide Communities Dev Auth
Action: Affirmed
Action: Outlook: Positive
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
- Sutter Hlth
- California Hlth Facs Fincg Auth
- California Statewide Communities Dev Auth
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