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

Utah County, Utah Intermountain Health Care Inc.; System

Utah County, Utah   Intermountain Health Care Inc.; System - S&P Global Ratings’ Credit Research
Utah County, Utah Intermountain Health Care Inc.; System
Published Jun 12, 2020
12 pages (5367 words) — Published Jun 12, 2020
Price US$ 500.00  |  Buy this Report Now

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Abstract:

S&P Global Ratings assigned its 'AA+' long-term rating to Utah County, Utah's $200 million series 2020A, $75 million series 2020B-1, and $75 million 2020B-2 tax-exempt bonds issued for Intermountain Health Care Inc. (Intermountain) through its obligated group, IHC Health Services Inc. We are also aware that Intermountain plans to add on $191 million to its 2018 taxable bonds through a CUSIP reopening. At the same time, we affirmed our 'AA+' rating on various issuers' revenue bonds also issued for Intermountain and on Intermountain's taxable bonds. We also affirmed our 'AA+/A-1+' and 'AA+/A-1' dual ratings on various issuers' revenue bonds issued for Intermountain. The outlook on all long-term ratings is stable. Intermountain will use bond proceeds plus premium to refinance $215

  
Brief Excerpt:

...S&P Global Ratings assigned its '##+' long-term rating to Utah County, Utah's $200 million series 2020A, $75 million series 2020B-1, and $75 million 2020B-2 tax-exempt bonds issued for Intermountain Health Care Inc. (Intermountain) through its obligated group, IHC Health Services Inc. We are also aware that Intermountain plans to add on $191 million to its 2018 taxable bonds through a CUSIP reopening. At the same time, we affirmed our '##+' rating on various issuers' revenue bonds also issued for Intermountain and on Intermountain's taxable bonds. We also affirmed our '##+/A-1+' and '##+/A-1' dual ratings on various issuers' revenue bonds issued for Intermountain. The outlook on all long-term ratings is stable. Intermountain will use bond proceeds plus premium to refinance $215 million of outstanding series 2012 bonds and for various capital projects. The short-term ratings reflect our view of various standby bond purchase agreements or, in the case of the series 2003A-D bonds, Intermountain's...

  
Report Type:

Full Report

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Global Issuers, Public Finance
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:
S&P Global Ratings’ Credit Research. "Utah County, Utah Intermountain Health Care Inc.; System" Jun 12, 2020. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Utah-County-Utah-Intermountain-Health-Care-Inc-System-2460972>
  
APA:
S&P Global Ratings’ Credit Research. (). Utah County, Utah Intermountain Health Care Inc.; System Jun 12, 2020. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Utah-County-Utah-Intermountain-Health-Care-Inc-System-2460972>
  
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