St. Charles Parish Hospital Service District No. 1, LA's Series 2009 GO Bonds Rated 'A', Other Ratings Affirmed At 'A' - S&P Global Ratings’ Credit Research

St. Charles Parish Hospital Service District No. 1, LA's Series 2009 GO Bonds Rated 'A', Other Ratings Affirmed At 'A'

St. Charles Parish Hospital Service District No. 1, LA's Series 2009 GO Bonds Rated 'A', Other Ratings Affirmed At 'A' - S&P Global Ratings’ Credit Research
St. Charles Parish Hospital Service District No. 1, LA's Series 2009 GO Bonds Rated 'A', Other Ratings Affirmed At 'A'
Published Jun 23, 2009
652 words — Published Jun 23, 2009
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Abstract:

DALLAS (Standard&Poor's) June 23, 2009--Standard&Poor's Ratings Services has assigned its 'A' rating to St. Charles Parish Hospital Service District No. 1, La.'s series 2009 general obligation (GO) bonds. In addition, Standard&Poor's affirmed its 'A' rating on the district's GO bonds outstanding. The outlook on all ratings is stable. The rating is based on our opinion of the establishment of a deposit trust agreement (DTA) whereby collections from the unlimited ad valorem property tax securing the bonds will flow directly from the tax collector to a trustee for the exclusive benefit of bondholders. Standard&Poor's received a legal opinion that states that the creation of the DTA effectively transfers the property of the dedicated

  
Brief Excerpt:

RESEARCH St. Charles Parish Hospital Service District No. 1, LA's Series 2009 GO Bonds Rated 'A', Other Ratings Affirmed At 'A' Publication date: 23-Jun-2009 Primary Credit Analyst: Horacio Aldrete-Sanchez, Dallas (1) 214-871-1426;...

  
Report Type:

Ratings Action

Issuer
Hosp Svc Dist No. 1 of the Parish of St. Charles
Sector
Public Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "St. Charles Parish Hospital Service District No. 1, LA's Series 2009 GO Bonds Rated 'A', Other Ratings Affirmed At 'A'" Jun 23, 2009. Alacra Store. May 18, 2025. <http://www.alacrastore.com/s-and-p-credit-research/St-Charles-Parish-Hospital-Service-District-No-1-LA-s-Series-2009-GO-Bonds-Rated-A-Other-Ratings-Affirmed-At-A-729312>
  
APA:
S&P Global Ratings’ Credit Research. (). St. Charles Parish Hospital Service District No. 1, LA's Series 2009 GO Bonds Rated 'A', Other Ratings Affirmed At 'A' Jun 23, 2009. New York, NY: Alacra Store. Retrieved May 18, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/St-Charles-Parish-Hospital-Service-District-No-1-LA-s-Series-2009-GO-Bonds-Rated-A-Other-Ratings-Affirmed-At-A-729312>
  
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