| Title: | Summary: New Jersey Health Care Facilities Financing Authority Meridian Health System; System |
| Price: | $175.00 |
| Publication Date: | May 05, 2008 |
| Report Type: | Summary |
| Abstract: | Standard&Poor's Ratings Services revised its rating on New Jersey Health Care Facilities Financing Authority's revenue bonds (Tranche III) series 2007 issued for Meridian Health System to 'AAA/A-1+' from 'AAA'. The revenue bonds are being converted to a weekly interest rate mode from an auction-rate mode. The long-term component of the rating is based on a bond insurance policy provided by Assured Guaranty Corp. (AAA/Stable). The long-term component of the rating represents the likelihood that debt service will be paid over the life of the issue. The short-term component of the rating represents the likelihood of payment of tenders and reflects a liquidity facility provided by Bank of America N.A. (AA+/A-1+), effective May 1, 2008. The Bank of America |
| Brief Excerpt: | RESEARCH Ratings Definitions Summary: New Jersey Health Care Facilities Financing Authority Meridian Health System; System Publication date: ##-May-#### Primary Credit Analyst: Lisa Ardolina, New York (#) ###-###-####; lisa_ardolina@standardandpoors.com... |
| Word Count: | 776 |
| Issuer: | Meridian Hlth Sys |
| Sector: | Global Issuers, Public Finance, Financial Institutions |
| Country: | United States |
| Region: | United States |
| Format: | 
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