Illinois Finance Authority JPMorgan Chase LOC-Backed Rating Corrected And Lowered To 'AA-/A-1+' - S&P Global Ratings’ Credit Research

Illinois Finance Authority JPMorgan Chase LOC-Backed Rating Corrected And Lowered To 'AA-/A-1+'

Illinois Finance Authority JPMorgan Chase LOC-Backed Rating Corrected And Lowered To 'AA-/A-1+' - S&P Global Ratings’ Credit Research
Illinois Finance Authority JPMorgan Chase LOC-Backed Rating Corrected And Lowered To 'AA-/A-1+'
Published May 21, 2009
Published May 21, 2009
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About This Report

  
Abstract:

CHICAGO (Standard&Poor's) May 21, 2009--Standard&Poor's Ratings Services has corrected and lowered its rating on Illinois Finance Authority's (OSF Healthcare System) hospital revenue bonds, series 2001 to 'AA-/A-1+' from 'AA/A-1+'. On April 3, 2008, Standard&Poor's assigned its 'AA/A-1+' to the bonds, based on a letter of credit provided by JPMorgan Chase. The rating on the bonds is now being revised to reflect the rating of the correct letter of credit provider, JPMorgan Chase Bank N.A. (AA-/A-1+).

  
Report Type:

Ratings Action

Issuer
Illinois Finance Authority
Sector
Global Issuers, Public Finance, Structured Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Illinois Finance Authority JPMorgan Chase LOC-Backed Rating Corrected And Lowered To 'AA-/A-1+'" May 21, 2009. Alacra Store. May 20, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Illinois-Finance-Authority-JPMorgan-Chase-LOC-Backed-Rating-Corrected-And-Lowered-To-AA-A-1-723344>
  
APA:
S&P Global Ratings’ Credit Research. (). Illinois Finance Authority JPMorgan Chase LOC-Backed Rating Corrected And Lowered To 'AA-/A-1+' May 21, 2009. New York, NY: Alacra Store. Retrieved May 20, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Illinois-Finance-Authority-JPMorgan-Chase-LOC-Backed-Rating-Corrected-And-Lowered-To-AA-A-1-723344>
  
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