Summary: California Health Facilities Financing Authority Providence St. Joseph Health, Washington; Joint Criteria; System

S&P Global Ratings assigned its 'AA-' long-term rating to Providence St. Joseph Health (PSJH), Wash.'s $650 million series 2019A taxable bonds, California Health Facilities Financing Authority's $150 million series 2019B revenue bonds, and $393.3 million series 2019C revenue bonds. The series 2019B and 2019C bonds are issued for PSJH. In addition, S&P Global Ratings affirmed its 'AA-' long-term ratings and underlying ratings (SPUR) on existing tax-exempt bonds, issued by multiple issuers for PSJH. S&P Global Ratings also affirmed its 'AA-' long-term rating on PSJH's existing taxable bonds. The outlook is stable. At the same time, S&P Global Ratings affirmed its 'AA-/A-1+' dual rating on PSJH's series 2012C, 2012D, and 2012E bonds. The long-term component of the rating reflects the credit

...S&P Global Ratings assigned its '##-' long-term rating to Providence St. Joseph Health (PSJH), Wash.'s $650 million series 2019A taxable bonds, California Health Facilities Financing Authority's $150 million series 2019B revenue bonds, and $393.3 million series 2019C revenue bonds. The series 2019B and 2019C bonds are issued for PSJH. In addition, S&P Global Ratings affirmed its '##-' long-term ratings and underlying ratings (SPUR) on existing tax-exempt bonds, issued by multiple issuers for PSJH. S&P Global Ratings also affirmed its '##-' long-term rating on PSJH's existing taxable bonds. The outlook is stable. At the same time, S&P Global Ratings affirmed its '##-/A-1+' dual rating on PSJH's series 2012C, 2012D, and 2012E bonds. The long-term component of the rating reflects the credit quality of PSJH, and the short-term component reflects a standby bond purchase agreement (SBPA) from U.S. Bank N.A. that expires on July 30, 2020. S&P Global Ratings also affirmed its '##+/A-1' dual rating...

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