Summary: Murray City, Utah   Intermountain Health Care; System - S&P Global Ratings’ Credit Research

Summary: Murray City, Utah Intermountain Health Care; System

Summary: Murray City, Utah   Intermountain Health Care; System - S&P Global Ratings’ Credit Research
Summary: Murray City, Utah Intermountain Health Care; System
Published Dec 05, 2008
580 words — Published Dec 05, 2008
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Abstract:

Standard&Poor's Ratings Services affirmed its 'AA+/A-1+' rating on Murray City (Intermountain Health Care), Utah's health variable-rate demand bond series 2005C and 2005D due to the substitution of standby bond purchase agreements (SBPAs) with Northern Trust (AA/A-1+) and Wells Fargo Bank N.A. (AAA/A-1+), respectively, for the current SBPAs with Citibank N.A. The long-term component of the rating is based on Intermountain Health Care (IHC). The SBPAs will be subject to immediate termination without notice upon the occurrence of certain events described in the SBPAs, including a downgrade of the long-term rating of Intermountain Health Care by Standard&Poor's to below 'BBB-'. These events have been reviewed and are in compliance with our published criteria. The anticipated expiration date

  
Brief Excerpt:

RESEARCH Summary: Murray City, Utah Intermountain Health Care; System Publication date: 05-Dec-2008 Primary Credit Analyst: Santos Souffront, New York (1) 212-438-2197; santos_souffront@standardandpoors.com Secondary Credit Analyst:...

  
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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: Murray City, Utah Intermountain Health Care; System" Dec 05, 2008. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Murray-City-Utah-Intermountain-Health-Care-System-688104>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Murray City, Utah Intermountain Health Care; System Dec 05, 2008. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Murray-City-Utah-Intermountain-Health-Care-System-688104>
  
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