Summary: Illinois Finance Authority Riverside Health System; Hospital; Joint Criteria Feb 12
Standard & Poors, February 2012
Abstract
Standard & Poor's Ratings Services revised its rating outlook to positive from stable on the Illinois Finance Authority's series 1996B, 2004, 2006A, 2006C, and 2009 bonds. In addition, Standard & Poor's affirmed its 'A' long-term rating on the authority's $42.78 million series 2006C revenue bonds and $66.5 million series 2009 revenue bonds. Standard & Poor's also affirmed its 'AAA/A-1' dual rating on the authority's $33.31 million series 2004 bonds, $15.075 million series 2006A bonds, and series 1996B variable-rate demand bonds. All bonds were issued for Riverside Health System (RHS). The outlook on all ratings, where applicable, is positive. The long-term component of the rating on the series 2004 and 2006A bonds is based on the application of our low-correlation joint-criteria...
Companies mentioned in this report are:
- Riverside Hlth Sys
- Illinois Fin Auth
Action: Affirmed
Action: Outlook: Positive
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.
- Riverside Hlth Sys
- Illinois Fin Auth
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