Summary: Tarrant County Cultural Educational Facilities Finance Corp., Texas Methodist Health System; Joint Criteria

Standard&Poor's Ratings Services confirmed its 'AAA/A-1' rating on Tarrant County Cultural Educational Facilities Finance Corp., Texas' (Methodist Hospitals of Dallas) series 2008A and 2008B hospital revenue bonds, issued for Methodist Health System, due to the bank facility being extended to Oct. 31, 2016. The long-term component of the rating is based jointly (assuming low correlation) on the ratings on the obligor, Methodist Health System, and the letter of credit provider, JPMorgan Chase Bank N.A. The short-term component of the rating is based solely on the rating on JPMorgan Chase 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

...Standard & Poor's Ratings Services confirmed its '###/A-1' rating on Tarrant County Cultural Educational Facilities Finance Corp., Texas' (Methodist Hospitals of Dallas) series 2008A and 2008B hospital revenue bonds, issued for Methodist Health System, due to the bank facility being extended to Oct. 31, 2016. The long-term component of the rating is based jointly (assuming low correlation) on the ratings on the obligor, Methodist Health System, and the letter of credit provider, JPMorgan Chase Bank N.A. The short-term component of the rating is based solely on the rating on JPMorgan Chase Bank N.A....

Summary