Summary: New Jersey Health Care Facilities Financing Authority Virtua Health Inc.; Joint Criteria - S&P Global Ratings’ Credit Research

Summary: New Jersey Health Care Facilities Financing Authority Virtua Health Inc.; Joint Criteria

Summary: New Jersey Health Care Facilities Financing Authority Virtua Health Inc.; Joint Criteria - S&P Global Ratings’ Credit Research
Summary: New Jersey Health Care Facilities Financing Authority Virtua Health Inc.; Joint Criteria
Published Jan 28, 2015
3 pages (1006 words) — Published Jan 28, 2015
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Standard&Poor's Ratings Services confirmed its 'AAA/A-1+' rating on New Jersey Health Care Facilities Financing Authority's (Virtua Health Inc.) series 2009D and 2009E hospital variable-rate demand obligation bonds, due to the bank facility being extended to Jan. 2, 2018. The long-term component of the rating is based jointly (assuming medium correlation) on the ratings on the obligor, Virtua Health Inc., and the letter of credit provider, TD Bank N.A. The short-term component of the rating is based solely on the rating on TD Bank N.A. USPF Criteria: Municipal Applications For Joint Support Criteria, June 25, 2007 Criteria: Joint Support Criteria Update, April 22, 2009 Criteria: Methodology And Assumptions: Approach To Evaluating Letter Of Credit-Supported Debt, July 6, 2009

  
Brief Excerpt:

...Standard & Poor's Ratings Services confirmed its '###/A-1+' rating on New Jersey Health Care Facilities Financing Authority's (Virtua Health Inc.) series 2009D and 2009E hospital variable-rate demand obligation bonds, due to the bank facility being extended to Jan. 2, 2018. The long-term component of the rating is based jointly (assuming medium correlation) on the ratings on the obligor, Virtua Health Inc., and the letter of credit provider, TD Bank N.A. The short-term component of the rating is based solely on the rating on TD Bank N.A....

  
Report Type:

Summary

Issuer
New Jersey Hlth Care Facs Fincg Auth
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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MLA:
S&P Global Ratings’ Credit Research. "Summary: New Jersey Health Care Facilities Financing Authority Virtua Health Inc.; Joint Criteria" Jan 28, 2015. Alacra Store. May 17, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-New-Jersey-Health-Care-Facilities-Financing-Authority-Virtua-Health-Inc-Joint-Criteria-1381104>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: New Jersey Health Care Facilities Financing Authority Virtua Health Inc.; Joint Criteria Jan 28, 2015. New York, NY: Alacra Store. Retrieved May 17, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-New-Jersey-Health-Care-Facilities-Financing-Authority-Virtua-Health-Inc-Joint-Criteria-1381104>
  
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