• ISIN: US74442CBR43
  • Entity Name: Public Finance Authority
  • Sector: Municipal Agency
  • Announcement Date: 09-Oct-2018
  • Effective Date: *****
  • Issue Date: *****
  • Maturity Date: 01-Jun-2036
  • Country of Issuer: United States
  • Region: N.Amer
  • Issue Currency: United States of America Dollars
  • CA Type: Rating Upgrade
  • News: S&P Global Ratings raised its long-term rating and underlying (SPUR) rating on Public Finance Authority, Wis.` series 2016A bonds, issued for Renown Regional Medical Center (Renown), Nev. to `A+` from `A`. The outlook is stable. At the same time, we affirmed our `AA+/A-1` rating on Renown`s series 2009A and 2009B variable-rate demand bonds (VRDBs) and our `AA+/A-1` rating on Renown`s series 2008A and 2008B VRDBs based on the application of our joint criteria assuming low correlation. ""The rating change reflects the application of the U.S. And Canadian Not-For-Profit Acute Care Health Care Organizations (/en_US/web/guest/article/-/view/source Id/10407192) criteria, published on March 19, 2018, as well as Renown`s strong business position, leading market share, and revenue diversity as a stand-alone hospital,"" said S&P Global Ratings credit analyst Melanie Her. ""The rating further reflects our expectations that Renown`s balance sheet metrics will remain strong and intact over the outlook horizon. While operating margin has declined over the past year, we expect Renown will maintain stable and healthy operating performance going forward,"" Ms. Her added.
  • Description: Municipal Name: Public Finance Authority CUSIP: 74442CBR4 Currency: USD Public Finance Authority announced today that the Standard & Poor s Ratings has upgraded the long-term and underlying ratings of the Series 2016A, Hospital Revenue Refunding Bonds from A to A+.
  • Bond Document:
  • Latest Corporate Actions:

Data Unleashed

All of the Municipal Disclosure provided on MuniAlerts are sourced from FactEntry.

This website can be best viewed in all latest versions of Google Chrome or Firefox.
© FactEntry 2024