Connecticut Health & Educational Facilities Authority Yale-New Haven Hospital; Hospital; Joint Criteria Mar 12
Standard & Poors, March 2012
Abstract
Standard & Poor's Ratings Services has revised its outlook to negative from stable and affirmed its 'A+' long-term rating on $266.12 million series 20010M and 2006J-1 revenue bonds issued by Connecticut Health & Educational Facilities Authority on behalf of Yale-New Haven Hospital (YNHH). Standard & Poor's has also affirmed the 'AAA/A-1 rating on the series 2008K-1 and 2008K-2 variable-rate demand bonds (VRDB) revenue bonds and 'AAA/A-1' rating on the series 2008L-1 and 2008L-2 VRDB revenue bonds, all previously issued by the authority on behalf of YNHH. We based the long-term 'AAA' rating component jointly on the rating on the obligor YNHH and the letter of credit (LOC) provider assuming low correlation. We based the short-term rating component solely on the...
Companies mentioned in this report are: Yale New Haven Hosp,Connecticut Hlth & Educl Facs Auth
Action: Outlook Revised
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
Yale New Haven Hosp,Connecticut Hlth & Educl Facs Auth
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