California Health Facilities Financing Auth 2022-015 Bond Rating Lowered To 'AA/A-1' After Underlying Bonds Downgraded - S&P Global Ratings’ Credit Research

California Health Facilities Financing Auth 2022-015 Bond Rating Lowered To 'AA/A-1' After Underlying Bonds Downgraded

California Health Facilities Financing Auth 2022-015 Bond Rating Lowered To 'AA/A-1' After Underlying Bonds Downgraded - S&P Global Ratings’ Credit Research
California Health Facilities Financing Auth 2022-015 Bond Rating Lowered To 'AA/A-1' After Underlying Bonds Downgraded
Published Dec 30, 2022
2 pages (1207 words) — Published Dec 30, 2022
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

CHICAGO (S&P Global Ratings) Dec. 30, 2022--S&P Global Ratings lowered its long-term rating components on Barclays Capital Inc.'s series 2022-015 tender-option bond trust floater and custodial receipts, related to California Health Facilities Financing Authority revenue bonds, to 'AA/A-1' and 'AA' from 'AA+/A-1' and 'AA+', respectively. "This rating action follows S&P Global Ratings' action on the underlying bonds," said S&P Global Ratings credit analyst John Mante. (For further information, please see the article, titled "City of Hope, CA Debt Rating Lowered To 'A' From 'A+' On Increased Leverage, Weaker Operating Performance," published on Dec. 23, 2022, on RatingsDirect.) The long-term rating on the custody receipts jointly reflects, assuming low correlation, the ratings on the underlying securities and the credit-enhancement provider. The

  
Report Type:

Ratings Action

Issuer
Sector
Global Issuers, Public Finance, Structured Finance
Country
Region
Format:
PDF Adobe Acrobat
Buy Now

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "California Health Facilities Financing Auth 2022-015 Bond Rating Lowered To 'AA/A-1' After Underlying Bonds Downgraded" Dec 30, 2022. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/California-Health-Facilities-Financing-Auth-2022-015-Bond-Rating-Lowered-To-AA-A-1-After-Underlying-Bonds-Downgraded-2933043>
  
APA:
S&P Global Ratings’ Credit Research. (). California Health Facilities Financing Auth 2022-015 Bond Rating Lowered To 'AA/A-1' After Underlying Bonds Downgraded Dec 30, 2022. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/California-Health-Facilities-Financing-Auth-2022-015-Bond-Rating-Lowered-To-AA-A-1-After-Underlying-Bonds-Downgraded-2933043>
  
US$ 150.00
$  £  
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Residential Mortgage-Backed Securities from one place.