...S&P Global Ratings assigned its '##-' rating on Providence St. Joseph Health, Wash.'s (PSJH) $350 million series 2018A taxable bonds and to Washington Health Care Facilities Authority's $139.665 million series 2018B tax-exempt refunding revenue bonds issued for PSJH. S&P Global Ratings also affirmed its existing long-term rating and underlying rating (SPUR) on tax-exempt and taxable debt issued by a variety of issuers on behalf of PSJH. The outlook is stable. At the same time, S&P Global Ratings affirmed its '##-/A-1+' dual rating on PSJH's series 2012C, 2012D, and 2012E bonds. The long-term component of the rating reflects the credit quality of PSJH, and the short-term component reflects a standby bond purchase agreement from U.S. Bank N.A. that expires on July 30, 2020. S&P Global Ratings also affirmed its '##+/A-1' dual rating on PSJH's taxable 2016G bonds, which were issued as variable-rate bonds. The long-term component of the rating reflects the joint support of the letters of credit...
