Illinois Finance Authority   Ann&Robert H. Lurie Children's Hospital of Chicago; Hospital - S&P Global Ratings’ Credit Research

Illinois Finance Authority Ann&Robert H. Lurie Children's Hospital of Chicago; Hospital

Illinois Finance Authority   Ann&Robert H. Lurie Children's Hospital of Chicago; Hospital - S&P Global Ratings’ Credit Research
Illinois Finance Authority Ann&Robert H. Lurie Children's Hospital of Chicago; Hospital
Published Jun 06, 2016
10 pages (4525 words) — Published Jun 06, 2016
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings revised the outlook to positive from stable and affirmed its 'A+' long-term rating and underlying rating (SPUR) on the Illinois Finance Authority's series 2008A and 2008B fixed-rate bonds, issued for Ann&Robert H. Lurie Children's Hospital of Chicago (Lurie Children's, formerly Children's Memorial Hospital). Assured Guaranty Ltd. insures the series 2008A bonds. Children's Hospital of Chicago Medical Center is the parent organization for the overall system. The outlook revision reflects our view of Lurie Children's strengthening financial profile and improving business position. We expect some increased capital spending over the next couple of years, but if the balance sheet can maintain or strengthen its ratios through some of its increased capital spending we could consider a

  
Brief Excerpt:

...S&P Global Ratings revised the outlook to positive from stable and affirmed its 'A+' long-term rating and underlying rating (SPUR) on the Illinois Finance Authority's series 2008A and 2008B fixed-rate bonds, issued for Ann & Robert H. Lurie Children's Hospital of Chicago (Lurie Children's, formerly Children's Memorial Hospital). Assured Guaranty Ltd. insures the series 2008A bonds. Children's Hospital of Chicago Medical Center is the parent organization for the overall system. The outlook revision reflects our view of Lurie Children's strengthening financial profile and improving business position. We expect some increased capital spending over the next couple of years, but if the balance sheet can maintain or strengthen its ratios through some of its increased capital spending we could consider a higher rating over the next two years. More specifically, we assessed CHCMC's enterprise profile as very strong, reflecting increasing market share in a very broad service area that incorporates...

  
Report Type:

Full Report

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Sector
Global Issuers, Public Finance, Structured Finance
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Illinois Finance Authority Ann&Robert H. Lurie Children's Hospital of Chicago; Hospital" Jun 06, 2016. Alacra Store. May 08, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Illinois-Finance-Authority-Ann-Robert-H-Lurie-Children-s-Hospital-of-Chicago-Hospital-1650360>
  
APA:
S&P Global Ratings’ Credit Research. (). Illinois Finance Authority Ann&Robert H. Lurie Children's Hospital of Chicago; Hospital Jun 06, 2016. New York, NY: Alacra Store. Retrieved May 08, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Illinois-Finance-Authority-Ann-Robert-H-Lurie-Children-s-Hospital-of-Chicago-Hospital-1650360>
  
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