Parkview Health System Obligated Group, Indiana; Joint Criteria; System

S&P Global Ratings lowered its long-term and underlying (SPUR) rating to 'A+' from 'AA-' on Parkview Health System Obligated Group (Parkview), Ind.'s outstanding debt, issued by the Indiana Finance Authority. In addition, S&P Global Ratings lowered the long-term component of its dual rating to 'AA+' from 'AAA' on the authority's series 2009D bonds (assuming low correlation). The short-term component of the rating is 'A-1+'. At the same time, S&P Global Ratings assigned its 'A+' long-term rating to the authority's anticipated $43.7 million series 2024A privately placed bonds and $48.6 million series 2024B privately placed bonds, issued for Parkview. Finally, S&P Global Ratings affirmed its 'AA+/A-1' rating on the authority's series 2009B and 2009C bonds (assuming low correlation), issued on behalf of

...+ S&P Global Ratings lowered its long-term and underlying (SPUR) rating to 'A+' from '##-' on Parkview Health System Obligated Group (Parkview), Ind.'s outstanding debt, issued by the Indiana Finance Authority. + In addition, S&P Global Ratings lowered the long-term component of its dual rating to '##+' from '###' on the authority's series 2009D bonds (assuming low correlation). The short-term component of the rating is 'A-1+'. + At the same time, S&P Global Ratings assigned its 'A+' long-term rating to the authority's anticipated $43.7 million series 2024A privately placed bonds and $48.6 million series 2024B privately placed bonds, issued for Parkview. + Finally, S&P Global Ratings affirmed its '##+/A-1' rating on the authority's series 2009B and 2009C bonds (assuming low correlation), issued on behalf of Parkview. + The outlook, where applicable, is stable. + The lower rating reflects our view of Parkview's sustained trend of declining operations to levels we consider more appropriate...

Full Report