NorthShore-Edward-Elmhurst Health, IL Series 2022C-F Revenue Bonds Assigned 'AA-/A-1' Rating

NEW YORK (S&P Global Ratings) April 8, 2022--S&P Global Ratings assigned its 'AA-/A-1' rating to Illinois Finance Authority's $181 million series 2022C, 2022D, 2022E, and 2022F revenue bonds, issued for NorthShore-Edward-Elmhurst Health Credit Group (NS-EEH). The outlook is stable. The long-term component of the rating reflects our view of NS-EEH. The short-term component of the rating reflects our assessment of the individual standby bond purchase agreements (SBPAs) provided by JPMorgan Chase Bank N.A. "The stable outlook reflects our view that NS-EEH will maintain very strong balance sheet metrics and moderate leverage given its manageable capital plans," said S&P Global Ratings credit analyst Anne Cosgrove. In addition, we expect the system will maintain its market share position and management will continue

...April 8, 2022 NEW YORK (S&P Global Ratings) April 8, 2022--S&P Global Ratings assigned its '##-/A-1' rating to Illinois Finance Authority's $181 million series 2022C, 2022D, 2022E, and 2022F revenue bonds, issued for NorthShore-Edward-Elmhurst Health Credit Group (NS-EEH). The outlook is stable. The long-term component of the rating reflects our view of NS-EEH. The short-term component of the rating reflects our assessment of the individual standby bond purchase agreements (SBPAs) provided by JPMorgan Chase Bank N.A. "The stable outlook reflects our view that NS-EEH will maintain very strong balance sheet metrics and moderate leverage given its manageable capital plans," said S&P Global Ratings credit analyst Anne Cosgrove. In addition, we expect the system will maintain its market share position and management will continue to proactively focus on cost-reduction strategies and synergies to mitigate revenue pressures. The outlook also assumes that the Swedish Hospital and Northwest Community...

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