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Fitch Ratings
Fitch Rates $250MM Providence Health & Services' Taxable Series 2009A Notes 'AA'
May 24th, 2009
Fitch Ratings has assigned its 'AA' long-term rating to the expected issuance of $250 million series 2009A taxable direct obligation notes by Providence Health & Services' (PHS). In addition, Fitch affirms its 'AA' ratings on approximately $1.5 billion of outstanding bonds issued through various authorities in Washington, Oregon, Alaska, California and Montana, and affirms its short-term rating of 'F1+' based on the self-liquidity provided by PHS' on its $200 million taxable commercial paper (CP) program and $212.3 million Clackamas County (Oregon) Hospital Finance Authority series 2003D-G revenue bonds. For certain issues, the long-term rating is an underlying rating, given without...
Source: Pharma Investments, Ventures & Law Weekly (2009-05-24)
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