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Summary: California Statewide Communities Development Authority John Muir Health; Hospital; Joint Criteria; Lease Dec 10

Description:
Abstract
Standard & Poor's Ratings Services affirmed its 'A+' long-term rating and 'A+' underlying rating (SPUR) on the California Statewide Communities Development Authority's various series of fixed- and variable-rate bonds issued on behalf of John Muir Health (JMH). Standard & Poor's also affirmed its 'AAA/A-1+' dual ratings on the authority's series 2008A and 2008C variable-rate revenue bonds issued on behalf of JMH. Standard & Poor's also affirmed the 'AAA/A-1' rating on the authority's series 2008B variable-rate revenue bonds also issued on behalf of JMH. The dual ratings reflect Standard & Poor's joint support criteria. Each of the letter of credit (LOC) providers for the series 2008A and series 2008C (Wells Fargo Bank N.A; AA/A-1+), and the series 2008B (Bank of America...

Companies mentioned in this report are:
- John Muir Health
- California Statewide Communities Dev Auth

Action: Affirmed
Action: Outlook: Stable

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.
Companies Mentioned
- John Muir Health
- California Statewide Communities Dev Auth
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Summary: California Statewide Communities Development Authority John Muir Health; Hospital; Joint Criteria; Lease Dec 10

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