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

S&P Global Ratings assigned its 'AA-' long-term rating to Illinois Finance Authority's $115 million series 2022E and $115 million series 2022F revenue bonds issued for NorthShore-Edward-Elmhurst Health, Ill. (NS-EEH). The outlook is stable. Bond proceeds will be used to refinance the debt of Edward-Elmhurst Healthcare and reimburse and finance the costs related to the acquisition, construction, and renovation of certain health facilities. The bonds will be general, unsecured joint and several obligations of the obligated group members and will not be secured by any pledge of assets, security interest in or mortgage on the property of any obligated group members, or any restricted affiliate or system affiliate. There will be a supplemental Master Trust Indenture (MTI) whereby NS-EE Holdings and

...S&P Global Ratings assigned its '##-' long-term rating to Illinois Finance Authority's $115 million series 2022E and $115 million series 2022F revenue bonds issued for NorthShore-Edward-Elmhurst Health, Ill. (NS-EEH). The outlook is stable. Bond proceeds will be used to refinance the debt of Edward-Elmhurst Healthcare and reimburse and finance the costs related to the acquisition, construction, and renovation of certain health facilities. The bonds will be general, unsecured joint and several obligations of the obligated group members and will not be secured by any pledge of assets, security interest in or mortgage on the property of any obligated group members, or any restricted affiliate or system affiliate. There will be a supplemental Master Trust Indenture (MTI) whereby NS-EE Holdings and Edward-Elmhurst Healthcare (EEH) will become members of NorthShore University Health System's obligated group....

Summary