Fitch lifts OSF Health, Ill., bonds to AA-

Fitch Ratings said it upgraded the long-term rating to AA- from A+ on the Illinois Finance Authority's $55.875 million of variable-rate revenue bonds, series 2001 (OSF Healthcare System).

At the same time, Fitch said it assigned an F1+ short-term rating to the bonds.

There are $48.1 million of the bonds outstanding.

The upgrade is in connection with an irrevocable, direct-pay letter of credit from JPMorgan Chase Bank, NA.

© 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.