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S&P Credit Research830 word report
published Oct 30, 2009
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S&P Credit Research
| Abstract: | NEW YORK (Standard&Poor's) Oct. 30, 2009--Standard&Poor's Ratings Services corrected and lowered its rating on Vermont Educational and Health Building Finance Agency's (Gifford Medical Center Inc.) variable-rate demand bonds series 2006 to 'A-/A-2' from 'A/A-1', and subsequently removed the rating from CreditWatch with negative implications. The rating is based on a letter of credit provided by KeyBank N.A. Cleveland (A-/A-2). On June 17, 2009, we lowered the rating on KeyBank N.A. Cleveland to 'A-/A-2' from 'A/A-1', and subsequently removed the rating from CreditWatch with negative implications (please see, "KeyCorp Ratings Lowered To 'BBB+/A-2' From 'A-/A-2'; Outlook Negative", published June 17, 2009, on RatingsDirect). However, due to an administrative error, we did not contemporaneously lower the rating on
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| Brief Excerpt: | RESEARCH Ratings Definitions S&P Corrects And Lowers Vermont Educational And Health Building Finance Agency's Series 2006 Bonds Rating To 'A-/A-2' Publication date: 30-Oct-2009 Primary Credit Analyst: Chi W Tang, New York (1) 212-438-7989;...
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| Report Type: | Ratings Action
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| Issuer: | Gifford Med Ctr Inc.
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| Sector: | Global Issuers, Public Finance
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| Country: | United States
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| Region: | United States
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
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