Summary: Utah County, Utah   Intermountain Health Care; System - S&P Global Ratings’ Credit Research

Summary: Utah County, Utah Intermountain Health Care; System

Summary: Utah County, Utah   Intermountain Health Care; System - S&P Global Ratings’ Credit Research
Summary: Utah County, Utah Intermountain Health Care; System
Published Feb 13, 2009
Published Feb 13, 2009
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Abstract:

The 'A-1+' short-term rating on Utah County, Utah's variable-rate demand hospital revenue bonds series 2002B and series 2002C, issued for Intermountain Health Care, has been affirmed based on the substitution of the liquidity facilities in the form of standby bond purchase agreements (SBPAs) to US Bank N.A. (AA+/A-1+) from West LB GUARANTEED (AA-/A-1+) on or about Feb. 11, 2009. Following the date of actual substitution, the short-term rating on the bonds will be based solely on the new SBPA provider. The SBPAs provide for principal of, and a maximum of, 35 days' interest on unremarketed tendered bonds. Each SBPA, which is scheduled to expire on Feb. 11, 2012, provides coverage only for bonds during the weekly and daily modes. The

  
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Summary

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Global Issuers, Public Finance
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Utah County, Utah Intermountain Health Care; System" Feb 13, 2009. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Utah-County-Utah-Intermountain-Health-Care-System-702447>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Utah County, Utah Intermountain Health Care; System Feb 13, 2009. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Utah-County-Utah-Intermountain-Health-Care-System-702447>
  
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