Title:

Summary: Scottsdale Healthcare, Arizona; System

Price:$175.00
Publication Date:May 01, 2008
Report Type:Summary
Abstract:Standard&Poor's Ratings Services assigned its 'BBB+' rating to Scottsdale Industrial Development Authority, Ariz.'s $152.97 million series 2008A revenue bonds, issued on behalf of Scottsdale Healthcare (SH). These bond proceeds will refund the series 2006A and B and the series 2007A bonds. At this time, SH also plans to convert its series 2006F $89.7 million auction rate bonds to fixed rate bonds, with insurance by FSA. In addition, Standard&Poor's affirmed its 'BBB+' rating and underlying rating (SPUR) on SH's outstanding revenue bonds, including the series 2006F. SH enjoys a good market position in the growing area of Scottsdale (AAA), and, as a result, operations have been consistently solid during the past several years. The system completed a
Brief Excerpt:RESEARCH Ratings Definitions Summary: Scottsdale Healthcare, Arizona; System Publication date: ##-May-#### Primary Credit Analyst: Geraldine Poon, San Francisco (#) ###-###-####; geraldine_poon@standardandpoors.com Secondary Credit...
Word Count:1134
Issuer:Scottsdale Healthcare
Sector:Public Finance
Country:United States
Region:United States
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