The rating on Cuyahoga County, Ohio's bonds, issued for the University Health Care Center project reflects: * The strong credit quality of the mortgage note insured under section 232 of the National Housing Act; * Investments held in guaranteed investment contracts (GICs) with 'AAA' rated Bayerische Landesbank; * A debt service reserve sufficient to meet liquidity shortfalls in the event of a mortgage note default; and * An asset-to-liability ratio of 103.34% as of April 1997.
RESEARCH Summary: Cuyahoga Cnty, OH; Revenue - Housing, Multifamily FHA Insurance Publication date: 29-May-1997 Credit Profile RATIONALE The rating on Cuyahoga County, Ohio's bonds, issued for the University Health Care Center project...
Summary
Enter the keyword(s) you would like to search for within this report:
S&P Rates Cuyahoga Cnty,OH/Cleveland Clinic AA-/A-1+ – 1997/10/17 – US$ 150.00
Summary: Cuyahoga Cnty, OH; Revenue - Health Care, Hospital; Revenue - Health Care, System – 1997/12/02 – US$ 225.00
S&P Rts Cuyahoga Cnty,OH/Cleveland Clinic Foundation – 1998/01/13 – US$ 150.00
S&P Upgrades Cuyahoga Cnty,OH Ltd Tax GO Bnds to AA+ – 1998/02/18 – US$ 150.00
Summary: Cuyahoga Cnty, OH; General Obligation, Local GO – 1998/02/20 – US$ 225.00
Summary: Cuyahoga Cnty, OH; Revenue - Housing, Multifamily FHA Insurance – 1996/09/23 – US$ 225.00
S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.
Search all our Credit Research from one place.