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Fitch gives F1+ to Central DuPage Health, Ill., bonds
Fitch Ratings said it will assign a short-term rating of F1+ to the Illinois Finance Authority's $140 million of variable-rate demand revenue bonds, series 2004A (Central DuPage Health), effective March 24.
The bonds' long-term AA rating was also affirmed.
The rating actions were in connection with the conversion of the bonds from an auction-rate mode to a daily variable-rate demand mode and with the provision of a standby purchase agreement from JPMorgan Chase Bank, NA.
Fitch also said it affirmed the AA long-term rating on Central DuPage Health's approximately $427 million of outstanding bonds.
The outlook is stable.
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