NEW YORK--(BUSINESS WIRE)--On June 29, 2018, Kroll Bond Rating Agency (KBRA) assigned a long-term rating of BBB+ with a Stable outlook to the Pass-Through Certificates Series 2017 Evidencing Proportionate Ownership Interest in Health and Educational Facilities Authority of the State of Missouri Health Facilities Revenue Note (Truman Medical Center, Inc.), Series 2017B.
Ratings | |||||||||
Issuer: TMC Custodial Account, LLC |
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Underlying Issuer: Health and Educational Facilities Authority of the State of Missouri |
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Underlying Obligor: Truman Medical Center, Incorporated |
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Series/Bond | Rating | Outlook | Action | ||||||
Pass-Through Certificates Series 2017 |
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Evidencing Proportionate Ownership Interest in Health and Educational Facilities Authority of the State of Missouri Health Facilities Revenue Note |
BBB+ | Stable | Assigned | ||||||
(Truman Medical Center, Inc.), Series 2017B |
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The rating is based on KBRA’s U.S. Not-For-Profit Healthcare Rating Methodology and elements of KBRA’s General Property Tax/Assessment Revenue Methodology. KBRA’s rating evaluation focuses on the following:
- Market Position and Operations
- Governance and Management
- Financial Performance
- Debt Leverage and Liquidity
- Security Provisions
- Nature of Property Tax/Assessment Revenue Base
- Debt Service Coverage and Bond Structure
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KBRA is a full service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, KBRA is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider and a certified Credit Rating Agency (CRA) by the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA.