Summary: California Statewide Communities Development Authority John Muir Health; Liquidity Facility May 06
- ID: 2044842
- May 2006
- Region: California
- Standard & Poors
The rating on California Statewide Communities Development Authority's hospital variable-rate demand bonds series 1997, issued for John Muir Health, has been affirmed due to the bank facility being extended to Oct. 26, 2008. The long-term component of the rating is based on the insurance provider, Ambac Assurance Corp., and the short-term component of the rating is based on JPMorgan Chase Bank N.A. The stable outlook is based on the bond insurer....
Companies mentioned in this report are:
- John Muir Health
- California Statewide Communities Dev Auth
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.