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Ascension Health's Revenue Bonds Rated 'AA' and Variable-Rate Revenue Bonds 'AA/A-1+' Oct 99 Product Image

Ascension Health's Revenue Bonds Rated 'AA' and Variable-Rate Revenue Bonds 'AA/A-1+' Oct 99

  • Published: October 1999
  • Standard & Poors

FEATURED COMPANIES

  • Ascension Health Alliance
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Abstract
NEW YORK (Standard & Poor's CreditWire) Oct. 6, 1999--Standard & Poor's today assigned its double-'A' rating to $1.7 billion revenue bonds series 1999A and double-'A/A-1'-plus rating to $700 million variable-rate revenue bonds series 1999B issued by various issuers for Ascension Health-a new health system formed by the combination of the Daughters of Charity National Health System (DCNHS-historically rated double-'A'-plus) and the Michigan-based Sisters of St. Joseph (SSJ-four different health systems under one umbrella). The bonds are scheduled to sell Oct. 12, 1999. In addition, Standard & Poor's lowered its rating on debt formerly secured by the Daughters of Charity that is now secured by Ascension Health (see list below). Standard & Poor's double-'A' rating is the third highest long-term debt...

Companies mentioned in this report are: Ascension Health Alliance
Action: New Rating

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Ascension Health Alliance

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