Standard & Poor's Ratings Services raised the short-term component of its rating to 'A-1+' from 'A-1' on the Illinois Finance Authority's $86.64 million series 2008C-3A variable-rate demand bonds (VRDBs; AA/A-1+) as a result of a substitution in enhancement that occurred on Aug. 1, 2012. In addition, Standard & Poor's affirmed its 'AA/A-1+' rating on the authority's $49.23 million series 2008C2-A VRDBs and its 'AA/A-1' rating on the $185.425 million series 2008C-1 and 2008C-2B VRDBs. All bonds were issued on behalf of Advocate Health Care Network (AHCN). The 'AA' long-term rating reflects our view of the credit characteristics of AHCN alone. The 'A-1+' short-term component of the ratings on the series 2008C-2A and 2008C-3A bonds reflect the standby bond purchase agreement...
Companies mentioned in this report are:
- Advocate Hlth Care Network
- Illinois Finance Authority
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