Illinois Finance Authority   Endeavor Health, Illinois; Hospital; System - S&P Global Ratings’ Credit Research

Illinois Finance Authority Endeavor Health, Illinois; Hospital; System

Illinois Finance Authority   Endeavor Health, Illinois; Hospital; System - S&P Global Ratings’ Credit Research
Illinois Finance Authority Endeavor Health, Illinois; Hospital; System
Published May 14, 2024
10 pages (3990 words) — Published May 14, 2024
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings assigned its 'AA-' rating to Illinois Finance Authority's $291 million revenue refunding bonds series 2024A, issued for Endeavor Health, Ill. S&P Global Ratings also affirmed its 'AA-' long-term rating on debt outstanding issued for Endeavor Health, as well as its 'AA-/A-1' rating on bonds issued for Endeavor. The short-term component of the rating reflects standby bond purchase agreements with JPMorgan Chase Bank N.A. The outlook is stable. A general obligation pledge of the corporation secures the bonds. This pledge includes all of the NorthShore hospitals; Swedish Hospital, Northwest Community Healthcare, and NorthShore Physician Associates Inc. are restricted affiliates. However, S&P Global Ratings includes all of the affiliates in its analysis. Bond proceeds will refund the series 2022E,

  
Brief Excerpt:

...+ S&P Global Ratings assigned its '##-' rating to Illinois Finance Authority's $291 million revenue refunding bonds series 2024A, issued for Endeavor Health, Ill. + S&P Global Ratings also affirmed its '##-' long-term rating on debt outstanding issued for Endeavor Health, as well as its '##-/A-1' rating on bonds issued for Endeavor. The short-term component of the rating reflects standby bond purchase agreements with JPMorgan Chase Bank N.A. + The outlook is stable....

  
Report Type:

Full Report

Issuer
Endeavor Health
Sector
Global Issuers, Public Finance, Structured Finance
Country
Region
Format:
PDF Adobe Acrobat
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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.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Illinois Finance Authority Endeavor Health, Illinois; Hospital; System" May 14, 2024. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Illinois-Finance-Authority-Endeavor-Health-Illinois-Hospital-System-3173396>
  
APA:
S&P Global Ratings’ Credit Research. (). Illinois Finance Authority Endeavor Health, Illinois; Hospital; System May 14, 2024. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Illinois-Finance-Authority-Endeavor-Health-Illinois-Hospital-System-3173396>
  
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