U.S. Not-For-Profit Health Care System Ratios: Stability In 2011 Gives Providers A Firm Foundation To Face Industry Changes Aug 12
- Language: English
- Published: August 2012
- Region: United States
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
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Parkview Hlth Sys Oblig Grp,Indiana Fin Auth