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Summary: Indiana Finance Authority Parkview Health System Obligated Group; Joint Criteria Aug 09 Product Image

Summary: Indiana Finance Authority Parkview Health System Obligated Group; Joint Criteria Aug 09

  • Published: August 2009
  • Region: Indiana
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services assigned its 'AAA/A-1' rating to Indiana Finance Authority's hospital revenue bonds (Parkview Health System Obligated Group) series 2009B and 2009D. At the same time, Standard & Poor's assigned its 'AAA/A-1+' rating to the Parkview series 2009C bonds. The 'AAA' long-term component of the rating reflects the likelihood that debt service will be paid over the life of the issue, and is based upon Standard & Poor's joint criteria and low correlation between the obligor's 'A+' underlying rating (SPUR) and a letter of credit (LOC). The series 2009B LOC is provided by National City Bank (A+/A-1); series 2009C LOC is provided by Wells Fargo Bank N.A. (AA/A-1+); and series 2009D LOC is provided by Citibank N.A....

Companies mentioned in this report are: Parkview Hlth Sys Oblig Grp,Indiana Fin Auth
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 READ MORE >

Parkview Hlth Sys Oblig Grp,Indiana Fin Auth

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