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Ascension Health, MO Revenue Bonds Rated 'AA' May 00
Standard & Poors, May 2000
Abstract
Standard & Poor's today assigned its double-'A' rating to Puerto Rico Industrial, Tourist, Educational, Medical, and Environmental Control Facilities Financing Authority's $38 million hospital revenue bonds, series 2000A, issued on behalf of Ascension Health's Hospital De La Concepcion Project. The bonds are scheduled to sell May 24, 2000. Also, Standard & Poor's affirmed existing double-'A' and double-'A'/'A-1'-plus ratings on other debt issued on behalf of Ascension Health, and its 'A-1'-plus rating on Ascension Health's commercial paper program. In addition, Standard & Poor's withdrew its double-'A' and double-'A'/'A-1'-plus underlying ratings (SPUR) on series 1997A and 1997C bonds, which remain rated triple-'A' based on bond insurance, issued by Jacksonville Health Facilities Authority, Fla. The Ascension Health system was formed by the combination...
Companies mentioned in this report are: Ascension Health Alliance
Action: New Rating
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.
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