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Fitch Ratings
Fitch Upgrades Advocate Health Care (Illinois) Bonds to 'AA'; Outlook Stable
April 5th, 2008
Fitch Ratings has assigned an 'AA' long-term rating to Advocate Health Network's (Advocate) expected issuance of approximately $625 million of series 2008 bonds to be issued through the Illinois Finance Authority. Fitch has also assigned an 'F1+' short-term rating to approximately $152.5 million of series 2008C multi-annual put bonds. In addition, Fitch upgrades to 'AA' from 'AA-' the long-term ratings on Advocate's approximately $775 million of outstanding bonds and affirms the 'F1+' short-term rating on approximately $69 million of series 2003A&C annual put based on Advocate's internal liquidity. The Rating Outlook is Stable. The series 2008 bonds are being issued to...
Source: Law & Health Weekly (2008-04-05)
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