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California Statewide Communities Development Authority Childrens Hospital Los Angeles; Hospital Apr 07
Standard & Poors, April 2007
Abstract
Standard & Poor's Ratings Services assigned its 'BBB+' long-term rating to California Statewide Communities Development Authority's series 2007 fixed-rate private placement revenue bonds, issued for Childrens Hospital Los Angeles (CHLA). Additionally, Standard & Poor's affirmed its 'BBB+' underlying rating (SPUR) on CHLA's $312.2 million series 2004A and B and 2002A and B bonds, and on a small portion of the series 1999 certificates of participation (COPs), issued by California Statewide Communities Development Authority. At the same time, Standard & Poor's affirmed its standard long-term rating on the remaining uninsured portion of the series 1999 COPs. The series 2007 bond issuance was incorporated into the last review on March 7, 2007, and there have been no additional changes to the par...
Companies mentioned in this report are: Children's Hosp Los Angeles,California Statewide Communities Dev Auth
Action: Affirmed
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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