Summary: Illinois Finance Authority NorthShore-Edward-Elmhurst Health; Hospital; Joint Criteria; System

S&P Global Ratings assigned its 'AA-' rating to Illinois Finance Authority's $595 million revenue bonds series 2022A issued for NorthShore-Edward-Elmhurst Health (NS-EEH), Ill. In addition, S&P Global affirmed its 'AA-' rating on debt outstanding issued for NorthShore University Health System (NorthShore), Ill. The outlook is stable. S&P Global Ratings also affirmed its 'AA-/A-1' rating on the series 2020B and 2020C bonds issued for NorthShore. The short-term component of the rating reflects standby bond purchase agreements with JPMorgan Chase Bank N.A. At the same time, S&P Global Ratings raised its long-term and underling ratings (SPUR) on the Illinois Finance Authority's revenue bonds, issued for Edward-Elmhurst Healthcare (EEH), to 'AA-' from 'A'. The outlook is stable. S&P Global Ratings also raised its

...S&P Global Ratings assigned its '##-' rating to Illinois Finance Authority's $595 million revenue bonds series 2022A issued for NorthShore-Edward-Elmhurst Health (NS-EEH), Ill. In addition, S&P Global affirmed its '##-' rating on debt outstanding issued for NorthShore University Health System (NorthShore), Ill. The outlook is stable. S&P Global Ratings also affirmed its '##-/A-1' rating on the series 2020B and 2020C bonds issued for NorthShore. The short-term component of the rating reflects standby bond purchase agreements with JPMorgan Chase Bank N.A. At the same time, S&P Global Ratings raised its long-term and underling ratings (SPUR) on the Illinois Finance Authority's revenue bonds, issued for Edward-Elmhurst Healthcare (EEH), to '##-' from 'A'. The outlook is stable. S&P Global Ratings also raised its dual ratings on Edward-Elmhurst Healthcare's 2008B-2 and 2008C revenue variable-rate demand bonds (VRDBs) to '###/A-1+' from '##+'/A-1+'. We base the ratings on the application of our...

Summary