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

S&P Global Ratings' long-term rating on New Jersey Health Care Facilities Financing Authority's series 2013 bonds, issued for Virtua Health Inc. (Virtua or the system), is 'AA-'. In addition, S&P Global Ratings underlying rating (SPUR) on the authority's series 2009B, 2009C, 2009D, and 2009E bonds, issued for Virtua, is 'AA-'. S&P Global Ratings' dual rating on the authority's series 2009B and 2009C variable-rate demand bonds (VRDB), issued for Virtua, is 'AAA/A-1+', and dual rating on the authority's series 2009D and 2009E VRDB, issued for Virtua, is 'AA+/A-1'. We base these ratings on the application of joint criteria, whereby the bonds are secured by both Virtua and JPMorgan Chase Bank N.A. (series 2009B and 2009C) or Toronto-Dominion (TD) Bank (series 2009D

...+ S&P Global Ratings' long-term rating on New Jersey Health Care Facilities Financing Authority's series 2013 bonds, issued for Virtua Health Inc. (Virtua or the system), is '##-'. + In addition, S&P Global Ratings underlying rating (SPUR) on the authority's series 2009B, 2009C, 2009D, and 2009E bonds, issued for Virtua, is '##-'. + S&P Global Ratings' dual rating on the authority's series 2009B and 2009C variable-rate demand bonds (VRDB), issued for Virtua, is '###/A-1+', and dual rating on the authority's series 2009D and 2009E VRDB, issued for Virtua, is '##+/A-1'. We base these ratings on the application of joint criteria, whereby the bonds are secured by both Virtua and JPMorgan Chase Bank N.A. (series 2009B and 2009C) or Toronto-Dominion (TD) Bank (series 2009D and 2009E). The '###' and '##+' long-term components of the ratings are based jointly on the ratings on Virtua and those on the letter of credit (LOC) provider. The short-term components of the ratings are based solely on the...

Summary