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S&P Credit Research900 word report
published Nov 04, 2009
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S&P Credit Research
| Abstract: | Standard&Poor's Ratings Services raised the short-term component of its rating on Illinois Health Facilities Authority's variable-rate demand revenue bonds (Northwest Community Hospital) series 2002B to 'A-1+' from 'A-1', based on the substitution of the standby bond purchase agreement (SBPA) provided by JPMorgan Chase Bank N.A. from the SPBA provided by Harris National Association. The alternate SBPA provided by JPMorgan Chase Bank N.A. provides a maximum of 34 days of interest coverage at the maximum interest rate of 16%. The effective date of the alternate SBPA is Nov. 4, 2009. The anticipated expiration date of the alternate SBPA is Nov. 2, 2012, unless earlier terminated or extended pursuant to its terms. The SBPA is a revocable instrument, which maybe
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| Brief Excerpt: | RESEARCH Ratings Definitions Summary: Northwest Community Hospital, IL's Series 2002B Bonds Rating Raised To 'A-1+'; Hospital Publication date: 04-Nov-2009 Primary Credit Analyst: Santos Souffront, New York (1) 212-438-2197; santos_souffront@standardand...
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| Report Type: | Summary
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| Issuer: | Northwest Comnty Hosp
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| Sector: | Global Issuers, Public Finance, Structured Finance
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| Country: | United States
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| Region: | United States
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| Free Sample: |
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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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- Summary: Illinois Health Facility Authority Northwest Community Hospital; Hospital $175.00
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