Summary: Utah County, Utah Intermountain Health Care Inc.; System

S&P Global Ratings assigned its 'AA+' long-term rating to Utah County, Utah's $200 million series 2018A fixed-rate bonds and $100 million 2018B-1 and B-2 put bonds issued for IHC Health Services Inc., the obligated group of Intermountain Health Care Inc. (Intermountain). We also assigned our 'AA+' rating to Intermountain's $223 million series 2018 taxable bonds. Finally, we assigned our 'AA+/A-1+' rating to $50 million series 2018C variable rate demand bonds issued by the county for Intermountain. The long-term component of the series 2018C bonds reflects the rating on Intermountain and the short-term rating reflects the short-term rating on TD Bank, N.A. which is providing a standby bond purchase agreement (SBPA). The SBPA will cover principal and 34 days' interest at

...S&P Global Ratings assigned its '##+' long-term rating to Utah County, Utah's $200 million series 2018A fixed-rate bonds and $100 million 2018B-1 and B-2 put bonds issued for IHC Health Services Inc., the obligated group of Intermountain Health Care Inc. (Intermountain). We also assigned our '##+' rating to Intermountain's $223 million series 2018 taxable bonds. Finally, we assigned our '##+/A-1+' rating to $50 million series 2018C variable rate demand bonds issued by the county for Intermountain. The long-term component of the series 2018C bonds reflects the rating on Intermountain and the short-term rating reflects the short-term rating on TD Bank, N.A. which is providing a standby bond purchase agreement (SBPA). The SBPA will cover principal and 34 days' interest at a maximum 12% annual rate for the purchase price of bonds that are not successfully remarketed. The SBPA is due to expire on July 16, 2023, unless extended or terminated beforehand. The SBPA provider will not be obligated...

Summary