| Title: | Summary: Charlotte-Mecklenburg Hospital Authority, North Carolina; System |
| Price: | $175.00 |
| Publication Date: | May 06, 2008 |
| Report Type: | Summary |
| Abstract: | Standard&Poor's Ratings Services affirmed its 'AA-' standard long-term rating and 'AA-' underlying rating (SPUR) on Charlotte-Mecklenburg Hospital Authority, N.C.'s outstanding bonds. The authority does business as Carolinas HealthCare System (CHS). Management plans to restructure $898.8 million in auction- and variable-rate securities. The series 2007G, 2007J, and 2007K bonds ($268.1 million) will be converted to variable-rate demand bonds, supported by Dexia liquidity facilities and insured by Financial Security Assurance Inc. (FSA; 'AAA'). Effective April 25, 2008, the series 2007B, 2007C, and 2007L ($227.2 million) variable-rate demand bonds have amended, irrevocable liquidity facilities from BayernLB, and insurance from Ambac ('AAA'). The series 2007H bonds ($166.1 million) will be converted to variable-rate demand mode, with an irrevocable liquidity facility from a |
| Brief Excerpt: | RESEARCH Ratings Definitions Summary: Charlotte-Mecklenburg Hospital Authority, North Carolina; System Publication date: ##-May-#### Primary Credit Analyst: Charlene Butterfield, New York (#) ###-###-####; charlene_butterfield@standardandpoors.com... |
| Word Count: | 1422 |
| Issuer: | Charlotte-Mecklenburg Hosp Auth |
| Sector: | Public Finance |
| Country: | United States |
| Region: | United States |
| Format: | 
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