| Title: | Summary: Olathe, Kansas Olathe Medical Center; Joint Criteria |
| Price: | $175.00 |
| Publication Date: | Apr 30, 2008 |
| Report Type: | Summary |
| Abstract: | Standard&Poor's Ratings Services assigned its 'AAA/A-1+' rating to the City of Olathe, Kansas', series 2008C variable-rate demand revenue bonds issued for Olathe Medical Center, based on the application of joint criteria, and assumes low correlation. The long-term rating on the bonds is jointly based on the rating of obligor, Olathe Medical Center (A+/Stable), and the long-term rating of the letter of credit (LOC) provider, Bank of America N.A. ('AA+/A-1+'). The short-term component of the rating is based solely on the short-term rating of Bank of America. The LOC provides coverage for payment of principal of and interest on the bonds, including payment of unremarketed tendered bonds. The initial LOC provides for a maximum of 35 days of interest |
| Brief Excerpt: | RESEARCH Ratings Definitions Summary: Olathe, Kansas Olathe Medical Center; Joint Criteria Publication date: ##-Apr-#### Primary Credit Analyst: Brian T Williamson, Chicago (#) ###-###-####; brian_williamson@standardandpoors.com Secondary... |
| Word Count: | 772 |
| Issuer: | Olathe Med Ctr |
| Sector: | Global Issuers, Public Finance, Financial Institutions, Corporations |
| Country: | United States |
| Region: | United States |
| Format: | 
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