Fitch Rates Catholic Health Initiatives (Colorado) Series 2004B-4 Bonds 'AA/F1+'; Stable Outlook.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Fitch assigns a rating of 'AA/F1+' to the $47.3 million outstanding Colorado Health Facilities Authority variable-rate revenue bonds (Catholic Health Initiatives), series 2004B-4. Fitch also affirms its 'AA' rating to the approximately $2.8 billion outstanding bonds issued on behalf of Catholic Health Initiatives (CHI (Computer Human Interface) Typically refers to the devices and associated applications used by humans to interact with computers. For example, a CICS data entry screen displayed on a 3270 terminal makes up a CHI for a banking application. ). The Rating Outlook is Stable. The 'AA' rating is supported by CHI's continued solid profitability, healthy liquidity, strong revenue and profit diversity, and superior management practices. Effective Nov. 13, 2006, Catholic Health Initiatives has chosen to terminate the Wells Fargo Wells Fargo armored carriers of bullion. [Am. Hist.: Brewer Dictionary, 1147] See : Protectiveness Wells Fargo company that handled express service to western states; often robbed. [Am. Hist. Bank liquidity facility on the 2004B-4 bonds. Including the series 2004B-4 bonds, CHI will have $858.4 million in putable debt outstanding, $210.7 million of which is supported by CHI's internal liquidity. The 'F1+' rating reflects CHI's good liquidity position and sound internal procedures that ensure timely access and transfer of funds in the event of a failed remarketing. Unrestricted cash at June 30, 2006 was approximately $3.5 billion, providing close to 4.1 times (x) coverage on putable outstanding debt. For more information, see Fitch Research on 'Catholic Health Initiatives, Colorado' dated Oct. 24, 2006; available on the Fitch Ratings Fitch Ratings An international rating agency for financial institutions, insurance companies, and corporate, sovereign, and municipal debt. Fitch Ratings has headquarters in New York and London and is wholly owned by FIMALAC of Paris. web site at www.fitchratings.com. Fitch's rating definitions and the terms of use Terms of Use are rules set up by the owner of an intellectual property or service to govern how they may be legally used. In many cases, terms of service are used as a contractual agreement between a company and users of a service they provide. of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures Policies and Procedures are a set of documents that describe an organization's policies for operation and the procedures necessary to fulfill the policies. They are often initiated because of some external requirement, such as environmental compliance or other governmental are also available from the 'Code of Conduct' section of this site. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion