NorthShore-Edward-Elmhurst Health, IL Series 2022A Revenue Bonds Assigned 'AA-' Rating - S&P Global Ratings’ Credit Research

NorthShore-Edward-Elmhurst Health, IL Series 2022A Revenue Bonds Assigned 'AA-' Rating

NorthShore-Edward-Elmhurst Health, IL Series 2022A Revenue Bonds Assigned 'AA-' Rating - S&P Global Ratings’ Credit Research
NorthShore-Edward-Elmhurst Health, IL Series 2022A Revenue Bonds Assigned 'AA-' Rating
Published Mar 11, 2022
3 pages (1979 words) — Published Mar 11, 2022
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (S&P Global Ratings) March 11, 2022--S&P Global Ratings assigned its 'AA-' rating to Illinois Finance Authority's $595 million revenue bonds, series 2022A issued for NorthShore-Edward-Elmhurst Health (NS-EEH), Ill. In addition, S&P Global affirmed its 'AA-' rating on debt outstanding issued for NorthShore University Health System (NorthShore), Ill. The outlook is stable. S&P Global Ratings also affirmed its 'AA-/A-1' rating on the series 2020B and 2020C bonds issued for NorthShore. The short-term component of the rating reflects standby bond purchase agreements with JPMorgan Chase Bank N.A. At the same time, S&P Global Ratings raised its long-term and underlying ratings (SPUR) on the Illinois Finance Authority's revenue bonds, issued for Edward-Elmhurst Healthcare (EEH), to 'AA-' from 'A'. The outlook is

  
Brief Excerpt:

...March 11, 2022 NEW YORK (S&P Global Ratings) March 11, 2022--S&P Global Ratings assigned its '##-' rating to Illinois Finance Authority's $595 million revenue bonds, series 2022A issued for NorthShore-Edward-Elmhurst Health (NS-EEH), Ill. In addition, S&P Global affirmed its '##-' rating on debt outstanding issued for NorthShore University Health System (NorthShore), Ill. The outlook is stable. S&P Global Ratings also affirmed its '##-/A-1' rating on the series 2020B and 2020C bonds issued for NorthShore. The short-term component of the rating reflects standby bond purchase agreements with JPMorgan Chase Bank N.A. At the same time, S&P Global Ratings raised its long-term and underlying ratings (SPUR) on the Illinois Finance Authority's revenue bonds, issued for Edward-Elmhurst Healthcare (EEH), to '##-' from 'A'. The outlook is stable. S&P Global Ratings also raised its dual ratings on Edward-Elmhurst Healthcare's 2008B-2 and 2008C revenue variable-rate demand bonds (VRDBs) to '###/A-1+'...

  
Report Type:

Ratings Action

Issuer
Endeavor Health
Sector
Global Issuers, Public Finance, Structured Finance
Country
United States
Region
United States
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. "NorthShore-Edward-Elmhurst Health, IL Series 2022A Revenue Bonds Assigned 'AA-' Rating" Mar 11, 2022. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/NorthShore-Edward-Elmhurst-Health-IL-Series-2022A-Revenue-Bonds-Assigned-AA-Rating-2808489>
  
APA:
S&P Global Ratings’ Credit Research. (). NorthShore-Edward-Elmhurst Health, IL Series 2022A Revenue Bonds Assigned 'AA-' Rating Mar 11, 2022. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/NorthShore-Edward-Elmhurst-Health-IL-Series-2022A-Revenue-Bonds-Assigned-AA-Rating-2808489>
  
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