Economic Development Authority of the County of Chesterfield
CUSIP 16639EAV6
- Issue Currency: United States of America Dollars
- Announcement Date: 21-Nov-2018
- News: S&P Global Ratings raised its long-term rating and underlying rating (SPUR) to `A+` from `A` on bonds issued by various issuers for Bon Secours Health System Inc. (Bon Secours), Md. ""The upgrade reflects the Sept. 1 combination of Bon Secours and Mercy Health, Ohio (A+/Stable) to form Bon Secours Mercy Health (BSMH),"" said S&P Global Ratings credit analyst Cynthia Keller. S&P Global Ratings also assigned its `A+` long-term rating to $300 million taxable fixed-rate series 2018A bonds and its `A-1` short-term rating to $100 million series 2018A and 2018B taxable commercial paper notes, all issued by Mercy Health. At the same time, we affirmed our `A+` long-term rating and underlying rating (SPUR) on fixed-rate long-term bonds and floating-rate notes issued for Mercy Health by various issuers. In addition, we affirmed our `A+/A-1` rating on Mercy Health`s $100 million series 2012B bonds backed by self-liquidity. We also affirmed our `AA+/A-1` rating on the series 2010C bonds whereby the long-term component of the rating is based on both Mercy Health and the letter of credit (LOC) provider (Union Bank; expiring July 2019) and the short-term rating is based solely on the short-term rating of the LOC provider.
- Issue Currency: United States of America Dollars
- Announcement Date: 21-Nov-2018
- News: S&P Global Ratings raised its long-term rating and underlying rating (SPUR) to `A+` from `A` on bonds issued by various issuers for Bon Secours Health System Inc. (Bon Secours), Md. ""The upgrade reflects the Sept. 1 combination of Bon Secours and Mercy Health, Ohio (A+/Stable) to form Bon Secours Mercy Health (BSMH),"" said S&P Global Ratings credit analyst Cynthia Keller. S&P Global Ratings also assigned its `A+` long-term rating to $300 million taxable fixed-rate series 2018A bonds and its `A-1` short-term rating to $100 million series 2018A and 2018B taxable commercial paper notes, all issued by Mercy Health. At the same time, we affirmed our `A+` long-term rating and underlying rating (SPUR) on fixed-rate long-term bonds and floating-rate notes issued for Mercy Health by various issuers. In addition, we affirmed our `A+/A-1` rating on Mercy Health`s $100 million series 2012B bonds backed by self-liquidity. We also affirmed our `AA+/A-1` rating on the series 2010C bonds whereby the long-term component of the rating is based on both Mercy Health and the letter of credit (LOC) provider (Union Bank; expiring July 2019) and the short-term rating is based solely on the short-term rating of the LOC provider.
- Issue Currency: United States of America Dollars
- Announcement Date: 21-Nov-2018
- News: S&P Global Ratings raised its long-term rating and underlying rating (SPUR) to `A+` from `A` on bonds issued by various issuers for Bon Secours Health System Inc. (Bon Secours), Md. ""The upgrade reflects the Sept. 1 combination of Bon Secours and Mercy Health, Ohio (A+/Stable) to form Bon Secours Mercy Health (BSMH),"" said S&P Global Ratings credit analyst Cynthia Keller. S&P Global Ratings also assigned its `A+` long-term rating to $300 million taxable fixed-rate series 2018A bonds and its `A-1` short-term rating to $100 million series 2018A and 2018B taxable commercial paper notes, all issued by Mercy Health. At the same time, we affirmed our `A+` long-term rating and underlying rating (SPUR) on fixed-rate long-term bonds and floating-rate notes issued for Mercy Health by various issuers. In addition, we affirmed our `A+/A-1` rating on Mercy Health`s $100 million series 2012B bonds backed by self-liquidity. We also affirmed our `AA+/A-1` rating on the series 2010C bonds whereby the long-term component of the rating is based on both Mercy Health and the letter of credit (LOC) provider (Union Bank; expiring July 2019) and the short-term rating is based solely on the short-term rating of the LOC provider.
