Oregon Health & Science University; Joint Criteria May 12
Standard & Poors, May 2012
Abstract
Standard & Poor's Ratings Services assigned its 'AAA/A-1' dual rating to Oregon Health and Science University's (OHSU) variable-rate demand revenue bonds, series 2012B-1, 2012B-2, 2012B-3, and 2012C. Standard & Poor's also assigned its 'A+ underlying rating (SPUR) to the bonds. The outlook on the 'A+' SPUR is stable. The 'AAA' long-term component of the dual ratings assigned to the series 2012B-1, 2012B-2, and 2012B-3 bonds is based on the application of joint criteria assuming low correlation, where the rating of OHSU is 'A+' and the irrevocable direct-pay letters of credit (LOC) provided by Union Bank National Association for each sub-series are rated 'A+/A-1'. In addition, the 'AAA' long-term component of the dual rating assigned to the series 2012C bonds is...
Companies mentioned in this report are: Oregon Hlth & Science Univ
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
Oregon Hlth & Science Univ
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