Standard & Poor's Ratings Services assigned its 'AA-' rating to California Health Facilities Financing Authority's $329.15 million series 2008A revenue bonds and California Statewide Communities Development Authority's $300 million series 2008B revenue bonds, both issued on behalf of Sutter Health. Standard & Poor's also affirmed its 'AA-' rating and underlying rating (SPUR) on the outstanding health care revenue bonds (various issuers), issued on behalf of Sutter Health. The affirmation includes the series 2004C and 2004D revenue bonds, which are expected to be converted to fixed-rate mode from auction rate in early May. Certain bonds were recently redeemed and their underlying ratings are being withdrawn. Sutter operates 27 acute-care hospitals and seven medical foundations in its broad northern California service area....
Companies mentioned in this report are:
- Sutter Hlth
- California Hlth Facs Fincg Auth
- California Statewide Communities Dev Auth
Action: New Rating
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