S&P Global Ratings confirmed its 'AA+/A-1' rating on Murray City, Utah's series 2005A and 2005B hospital revenue debt, issued for Intermountain Health Care Inc. (IHC), based on its review of the amended and restated standby bond purchase agreements (SBPAs) provided by JPMorgan Chase Bank N.A. The SBPAs provide coverage for the purchase price of unremarketed tendered bonds during the weekly and daily modes, including up to 34 days' interest at an interest rate of 10% annually. The expiration date of the SBPAs is also extended to Aug. 28, 2018. At such time, if the SBPAs are not replaced or extended, we will withdraw the short-term component of the ratings. The series 2005A and 2005B bonds will continue to bear interest
