California Statewide Communities Development Authority Kaiser Permanente; System Mar 12
Standard & Poors, March 2012
Abstract
Standard & Poor's Ratings Services assigned its 'A+' long-term rating to each of the series potentially included in the California Statewide Communities Development Authority's $2 billion series 2012 aggregate new money financing issued on behalf of Kaiser Permanente (Kaiser). At the time of this report, estimated issuances were: $1 billion for the 2012A tax-exempt fixed rate bonds, $500 million for 2012 taxable fixed rate bonds, and $500 million for 2012BCDE multi-modal bonds. However, these are placeholders based on the current market conditions and Kaiser reserves the flexibility to change allocations between the series until pricing. At the same time, Standard & Poor's assigned its 'A-1' short-term rating to Kaiser's series 2012BCDE bonds in the event short-term financings are used. Management...
Companies mentioned in this report are:
- Kaiser Permanente
- California Statewide Communities Dev 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 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
- Kaiser Permanente
- California Statewide Communities Dev Auth
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