Moody's gives underlying A2 to Edward Health, Ill.

Moody's Investors Service said it assigned an A2 underlying rating to Edward Health Services Corp.'s $126.2 million of series 2008 refunding bonds to be issued by the Illinois Finance Authority.

Sale of the bonds is expected on April 30. They will be supported by a letter of credit from JPMorgan Chase Bank, which is rated Aaa/P-1.

Moody's also said it affirmed the A2 ratings on $295.4 million of debt to remain outstanding.

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.