Summary: Illinois Finance Authority   Children's Memorial Hospital; Hospital; Joint Criteria - S&P Global Ratings’ Credit Research

Summary: Illinois Finance Authority Children's Memorial Hospital; Hospital; Joint Criteria

Summary: Illinois Finance Authority   Children's Memorial Hospital; Hospital; Joint Criteria - S&P Global Ratings’ Credit Research
Summary: Illinois Finance Authority Children's Memorial Hospital; Hospital; Joint Criteria
Published Mar 25, 2010
2165 words — Published Mar 25, 2010
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Abstract:

Standard&Poor's Ratings Services affirmed its 'A-' long-term rating and underlying rating (SPUR) on the Illinois Finance Authority's series 2008A, B, C, and D bonds, issued for Children's Memorial Hospital (CMH). Assured Guaranty Ltd. insures the series 2008A bonds. The outlook is stable. Standard&Poor's also affirmed its 'AAA/A-1+' rating on the series 2008C and D bonds. The 'AAA' rating is based on the application of our joint criteria assuming low correlation. The long-term component of the rating is jointly based on CMH (A-/Stable) and a letter of credit (LOC) provided by JPMorgan Chase Bank N.A. (AA-/A-1+). The short-term component of the rating is based on the LOC provided by JPMorgan Chase Bank N.A. (A-1+). The LOC is

  
Brief Excerpt:

RESEARCH Summary: Illinois Finance Authority Children's Memorial Hospital; Hospital; Joint Criteria Publication date: 25-Mar-2010 Primary Credit Analyst: Brian T Williamson, Chicago (1) 312-233-7009; brian_williamson@standardandpoors.com...

  
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Summary

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Global Issuers, Public Finance, Structured Finance
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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.

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MLA:
S&P Global Ratings’ Credit Research. "Summary: Illinois Finance Authority Children's Memorial Hospital; Hospital; Joint Criteria" Mar 25, 2010. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Illinois-Finance-Authority-Children-s-Memorial-Hospital-Hospital-Joint-Criteria-784581>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Illinois Finance Authority Children's Memorial Hospital; Hospital; Joint Criteria Mar 25, 2010. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Illinois-Finance-Authority-Children-s-Memorial-Hospital-Hospital-Joint-Criteria-784581>
  
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