Summary: Charlotte-Mecklenburg Hospital Authority (Carolinas HealthCare System), North Carolina; Joint Criteria; System Apr 12

Standard & Poors, April 2012

Abstract
Standard & Poor's Ratings Services has assigned its 'AA-' long-term rating to the $163 million series 2012A fixed-rate revenue and refunding bonds to be issued by the Charlotte-Mecklenburg Hospital Authority, N.C. Standard & Poor's has also affirmed its 'AA-' long-term rating and underlying ratings (SPUR) on the authority's previously issued bonds. The authority does business as Carolinas HealthCare System (CHS). Three letters of credit (LOCs; 'AAA/A-1') from US Bank N.A. support the series 2005B, 2005C, and 2005D bonds. We based the long-term rating component on the application of joint criteria, which reflects the rating on US Bank (A+/A-1) and the 'AA-' SPUR on CHS. The short-term rating component reflects the 'A-1' short-term rating on US Bank. The LOCs supporting the...

Companies mentioned in this report are:
- Charlotte-Mecklenburg Hosp Auth

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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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.

- Charlotte-Mecklenburg Hosp Auth

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