S&P gives Methodist Hospital of Houston AA/A-1+

Standard & Poor's said it assigned an AA/A-1+ rating to Harris County Health Facilities Development Corp., Texas' $350 million of series 2008A variable-rate refunding bonds issued for Methodist Hospital of Houston.

In addition, S&P said it revised the rating to AA/A-1+ from AA on the development corporation's series 2005A and 2006C bonds issued for Methodist, reflecting the conversion of those bonds to variable-rate demand bonds from auction-rate mode later this month.

S&P also said it affirmed the existing AA/A-1+ rating on the development corporation's $950 million of series 2006A variable-rate refunding bonds and the AA rating on its outstanding series 2006B auction-rate bonds, also issued for Methodist.

The outlook is stable.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.