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Johns Hopkins Health System Obligated Group, Maryland; Hospital; Joint Criteria; Lease; Liquidity Facility; System Oct 11

Description:
Abstract
Standard & Poor's Ratings Services assigned its 'AA-' ratings to three series of revenue refunding bonds issued by Maryland Health & Higher Educational Facilities Authority, for Johns Hopkins Health System Obligated Group (JHHS), as follows: $53.52 million series 2011 tax-exempt loan to be issued in an index floating-rate mode; $75.71 million series 2011A fixed-rate bonds; and $48.43 million series 2011B to be issued in an index floating-rate mode. We also affirmed our 'AA-' long-term ratings and underlying ratings (SPURs) on various issuer's debt issued for JHHS, 'A+' rating on JHHS's series 2003A lease revenue bonds, 'A-1+' rating on JHHS's series 2004B commercial paper (CP) based on an extension of the line of credit with Wells Fargo to Oct. 31, 2016,...

Companies mentioned in this report are:
- Johns Hopkins Hlth Sys Obligated Grp
- Maryland Hlth & Hgr Ed Facs Auth
- Sibley Mem Hosp

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
Companies Mentioned
- Johns Hopkins Hlth Sys Obligated Grp
- Maryland Hlth & Hgr Ed Facs Auth
- Sibley Mem Hosp
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