| Title: | Summary: St. Joseph Health System, California; System |
| Price: | $175.00 |
| Publication Date: | May 05, 2008 |
| Report Type: | Summary |
| Abstract: | Standard&Poor's Ratings Services assigned its 'AA-/A-1+' rating to St. Joseph Health System, Calif.'s $243.925 million series 2008 A-C hospital revenue bonds, issued by the California Statewide Communities Development Authority, and $51.5 million series 2008A hospital revenue bonds, issued by the Lubbock Health Facility Development Corporation, Texas. The short-term rating is based on St. Joseph's liquidity. At the same time, Standard&Poor's affirmed its 'AA-' rating and underlying rating (SPUR) on St. Joseph Health System, Calif.'s outstanding debt. Bond proceeds will refund the system's series 2000 (Texas) and 2004A, B, and C bonds. Finally, while future financing plans regarding its series 1998 bonds are still preliminary, a refunding of its fixed-rate bonds to variable-rate demand bonds is likely. |
| Brief Excerpt: | RESEARCH Ratings Definitions Summary: St. Joseph Health System, California; System Publication date: ##-May-#### Primary Credit Analyst: Geraldine Poon, San Francisco (#) ###-###-####; geraldine_poon@standardandpoors.com Secondary... |
| Word Count: | 1446 |
| Issuer: | St. Joseph Hlth Sys |
| Sector: | Global Issuers, Structured Finance, Public Finance, Financial Institutions, Corporations, Utilities, Real Estate Companies |
| Country: | United States |
| Region: | United States |
| Format: | 
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