...NEW YORK (S&P Global Ratings) June 15, 2018--S&P Global Ratings assigned its '##+' long-term rating to Utah County, Utah's $200 million series 2018A fixed-rate bonds and $100 million 2018B-1 and B-2 put bonds issued for IHC Health Services Inc., the obligated group of Intermountain Health Care Inc. (Intermountain). We also assigned our '##+' rating to Intermountain's $223 million series 2018 taxable bonds. Finally, we assigned our '##+/A-1+' rating to $50 million series 2018C variable rate demand bonds issued by the county for Intermountain. The long-term component of the series 2018C bonds reflects the rating on Intermountain and the short-term rating reflects the short-term rating on TD Bank, N.A. which is providing a standby bond purchase agreement (SBPA). The SBPA will cover principal and 34 days' interest at a maximum 12% annual rate for the purchase price of bonds that are not successfully remarketed. The SBPA is due to expire on July 16, 2023, unless extended or terminated beforehand....
