Tarrant County Cultural Educational Facilities Finance Corp., Texas   Cook Children's Medical Center Inc.; Hospital - S&P Global Ratings’ Credit Research

Tarrant County Cultural Educational Facilities Finance Corp., Texas Cook Children's Medical Center Inc.; Hospital

Tarrant County Cultural Educational Facilities Finance Corp., Texas   Cook Children's Medical Center Inc.; Hospital - S&P Global Ratings’ Credit Research
Tarrant County Cultural Educational Facilities Finance Corp., Texas Cook Children's Medical Center Inc.; Hospital
Published Jan 27, 2020
11 pages (5296 words) — Published Jan 27, 2020
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About This Report

  
Abstract:

S&P Global Ratings assigned its 'AA' long-term rating to the Tarrant County Cultural Education Facilities Finance Corp., Texas' $201.025 million series 2020 revenue bonds, issued for Cook Children?s Medical Center Inc. (Cook Children's). At the same time, we affirmed our 'AA' long-term rating on the series 2013 and 2014 bonds issued by the Tarrant County Cultural Education Facilities Finance Corp. We also affirmed our 'AA' long-term rating on the series 2010A bonds and our 'AA/A-1+' dual rating on the series 2010B weekly variable-rate demand bonds (VRDBs), both issued by the Tarrant County Health Facilities Development Corp. All bonds were issued for Cook Children's Medical Center. The outlook on all ratings, where applicable, is stable. The variable-rate series 2010B bonds, with

  
Brief Excerpt:

...S&P Global Ratings assigned its '##' long-term rating to the Tarrant County Cultural Education Facilities Finance Corp., Texas' $201.025 million series 2020 revenue bonds, issued for Cook Children's Medical Center Inc. (Cook Children's). At the same time, we affirmed our '##' long-term rating on the series 2013 and 2014 bonds issued by the Tarrant County Cultural Education Facilities Finance Corp. We also affirmed our '##' long-term rating on the series 2010A bonds and our '##/A-1+' dual rating on the series 2010B weekly variable-rate demand bonds (VRDBs), both issued by the Tarrant County Health Facilities Development Corp. All bonds were issued for Cook Children's Medical Center. The outlook on all ratings, where applicable, is stable. The variable-rate series 2010B bonds, with less than $30 million outstanding, are backed by self-liquidity provided by $866 million in discounted investments ($1.1 billion market value) to guarantee Cook Children's unconditional tender offer to buy back...

  
Report Type:

Full Report

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Sector
Global Issuers, Public Finance
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MLA:
S&P Global Ratings’ Credit Research. "Tarrant County Cultural Educational Facilities Finance Corp., Texas Cook Children's Medical Center Inc.; Hospital" Jan 27, 2020. Alacra Store. May 22, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Tarrant-County-Cultural-Educational-Facilities-Finance-Corp-Texas-Cook-Children-s-Medical-Center-Inc-Hospital-2373367>
  
APA:
S&P Global Ratings’ Credit Research. (). Tarrant County Cultural Educational Facilities Finance Corp., Texas Cook Children's Medical Center Inc.; Hospital Jan 27, 2020. New York, NY: Alacra Store. Retrieved May 22, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Tarrant-County-Cultural-Educational-Facilities-Finance-Corp-Texas-Cook-Children-s-Medical-Center-Inc-Hospital-2373367>
  
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