Summary: Rhode Island Health And Educational Building Corp.; Letter of Credit - S&P Global Ratings’ Credit Research

Summary: Rhode Island Health And Educational Building Corp.; Letter of Credit

Summary: Rhode Island Health And Educational Building Corp.; Letter of Credit - S&P Global Ratings’ Credit Research
Summary: Rhode Island Health And Educational Building Corp.; Letter of Credit
Published Nov 06, 2007
504 words — Published Nov 06, 2007
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Abstract:

Standard&Poor's Rating Services affirmed its 'AA-/A-1+' rating on the Rhode Island Health and Educational Building Corp.'s $13.085 million variable rate hospital financing revenue refunding bonds, series 2003B and 2003C. The affirmation is based on the anticipated conversion of the bonds from an initial rate mode to a weekly rate mode on Nov. 15, 2007. At that time, it is anticipated that the existing direct-pay LOCs for each series provided by RBS Citizens Bank ('AA-/A-1+') will be replaced by new LOCs for each series, which will still be provided by RBS Citizens Bank, with coverage sufficient to cover the weekly rate mode. The new LOCs will provide payment for regularly scheduled principal and interest, as well as for unremarketed

  
Brief Excerpt:

RESEARCH Summary: Rhode Island Health And Educational Building Corp.; Letter of Credit Publication date: 06-Nov-2007 Primary Credit Analyst: Debra Boyd, San Francisco (1) 415-371-5098; debra_boyd@standardandpoors.com Secondary Credit...

  
Report Type:

Summary

Issuer
Rhode Island Health&Educational Building Corp.
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Rhode Island Health And Educational Building Corp.; Letter of Credit" Nov 06, 2007. Alacra Store. May 24, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Rhode-Island-Health-And-Educational-Building-Corp-Letter-of-Credit-611675>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Rhode Island Health And Educational Building Corp.; Letter of Credit Nov 06, 2007. New York, NY: Alacra Store. Retrieved May 24, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Rhode-Island-Health-And-Educational-Building-Corp-Letter-of-Credit-611675>
  
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