Summary: California Health Facilities Financing Authority Northern California Presbyterian Homes&Services; Joint Criteria

Standard&Poor's Ratings Services confirmed its 'AA+/A-1' rating on California Health Facilities Financing Authority's (Northern California Presbyterian Homes&Services) series 2004 variable-rate demand senior living facility revenue bonds, due to the bank facility being extended to Aug. 31, 2017. The long-term component of the rating is based jointly (assuming medium correlation) on the ratings on the obligor, Northern California Presbyterian Homes&Services, and the letter of credit provider, MUFG Union Bank N.A. The short-term component of the rating is based solely on the rating on MUFG Union Bank N.A. USPF Criteria: Municipal Applications For Joint Support Criteria, June 25, 2007 Criteria: Joint Support Criteria Update, April 22, 2009 Criteria: Methodology And Assumptions: Approach To Evaluating Letter Of

...Standard & Poor's Ratings Services confirmed its '##+/A-1' rating on California Health Facilities Financing Authority's (Northern California Presbyterian Homes & Services) series 2004 variable-rate demand senior living facility revenue bonds, due to the bank facility being extended to Aug. 31, 2017. The long-term component of the rating is based jointly (assuming medium correlation) on the ratings on the obligor, Northern California Presbyterian Homes & Services, and the letter of credit provider, MUFG Union Bank N.A. The short-term component of the rating is based solely on the rating on MUFG Union Bank N.A....

Summary