ֳ

Credit Summary

Atherton Baptist Homes (CA)

EU Endorsed, UK Endorsed; Solicited by or on behalf of the issuer (sell side)

ESG Relevance
1
2
3
4
5

01Ratings

RatingActionDateType
BBBAffirmed06-May-2025Long Term Issuer Default Rating
Key Rating Factors
Revenue Defensibility a
Operating Risk bbb
Financial Profile bbb
Ratings KeyOutlookWatch
Positive
Negative
Evolving
Stable 

* Ratings displayed in orange denotes EU or UK Unsolicited and Non-Participatory Ratings

Where there was a review with no rating action (Review – No Action), please refer to the “Latest Rating Action Commentary” for an explanation of key rating drivers

*Premium Content is displayed in ֳ Red

Rating History

Date :06-May-202513-May-202418-May-202323-May-202226-May-2021
Rating :BBBBBBBBB-BBB-BB+
Action :AffirmedUpgradeAffirmedUpgradeNew Rating

02Rating Actions

03Insights

04Securities and Obligations

Ratings
Rated Entity / Debt  
Ratings  
Entity Details  
Identifiers  
Other Details  
Security: Atherton Baptist Homes (CA) / General Revenues
Issuer: Alhambra (CA)
Bond: (Atherton Baptist Homes Project) rfdg rev bonds ser 2016 (insured: Cal-Mortgage Loan Insurance Division)
Series: 2016
09-May-2025
AA
Affirmed
Long Term Rating

06-May-2025
BBB
Affirmed
Unenhanced Long Term Rating

03-Mar-2025
AA
Affirmed
Enhanced Long Term Rating

Rating History
Country: United States
Sectors: US Public Finance; Healthcare and Pharma
Disclosures: EU Endorsed, UK Endorsed; Solicited by or on behalf of the issuer (sell side)
CUSIP: 016021BE6 (Public)
Maturity Date: 01-Jan-2030
Currency: USD
Amount: 0
Placement: Public
Security LTR: BBB
Security: Atherton Baptist Homes (CA) / General Revenues
Issuer: Alhambra (CA)
Bond: (Atherton Baptist Homes Project) rfdg rev bonds ser 2016 (insured: Cal-Mortgage Loan Insurance Division)
Series: 2016
09-May-2025
AA
Affirmed
Long Term Rating

06-May-2025
BBB
Affirmed
Unenhanced Long Term Rating

03-Mar-2025
AA
Affirmed
Enhanced Long Term Rating

Rating History
Country: United States
Sectors: US Public Finance; Healthcare and Pharma
Disclosures: EU Endorsed, UK Endorsed; Solicited by or on behalf of the issuer (sell side)
CUSIP: 016021BJ5 (Public)
Maturity Date: 01-Jan-2036
Currency: USD
Amount: 0
Placement: Public
Security LTR: BBB
Security: Atherton Baptist Homes (CA) / General Revenues
Issuer: Alhambra (CA)
Bond: (Atherton Baptist Homes Project) rfdg rev bonds ser 2016 (insured: Cal-Mortgage Loan Insurance Division)
Series: 2016
09-May-2025
AA
Affirmed
Long Term Rating

06-May-2025
BBB
Affirmed
Unenhanced Long Term Rating

03-Mar-2025
AA
Affirmed
Enhanced Long Term Rating

Rating History
Country: United States
Sectors: US Public Finance; Healthcare and Pharma
Disclosures: EU Endorsed, UK Endorsed; Solicited by or on behalf of the issuer (sell side)
CUSIP: 016021BB2 (Public)
Maturity Date: 01-Jan-2027
Currency: USD
Amount: 0
Placement: Public
Security LTR: BBB
Security: Atherton Baptist Homes (CA) / General Revenues
Issuer: Alhambra (CA)
Bond: (Atherton Baptist Homes Project) rfdg rev bonds ser 2016 (insured: Cal-Mortgage Loan Insurance Division)
Series: 2016
09-May-2025
AA
Affirmed
Long Term Rating

06-May-2025
BBB
Affirmed
Unenhanced Long Term Rating

03-Mar-2025
AA
Affirmed
Enhanced Long Term Rating

Rating History
Country: United States
Sectors: US Public Finance; Healthcare and Pharma
Disclosures: EU Endorsed, UK Endorsed; Solicited by or on behalf of the issuer (sell side)
CUSIP: 016021BF3 (Public)
Maturity Date: 01-Jan-2031
Currency: USD
Amount: 0
Placement: Public
Security LTR: BBB
Security: Atherton Baptist Homes (CA) / General Revenues
Issuer: Alhambra (CA)
Bond: (Atherton Baptist Homes Project) rfdg rev bonds ser 2016 (insured: Cal-Mortgage Loan Insurance Division)
Series: 2016
09-May-2025
AA
Affirmed
Long Term Rating

06-May-2025
BBB
Affirmed
Unenhanced Long Term Rating

03-Mar-2025
AA
Affirmed
Enhanced Long Term Rating

Rating History
Country: United States
Sectors: US Public Finance; Healthcare and Pharma
Disclosures: EU Endorsed, UK Endorsed; Solicited by or on behalf of the issuer (sell side)
CUSIP: 016021BD8 (Public)
Maturity Date: 01-Jan-2029
Currency: USD
Amount: 0
Placement: Public
Security LTR: BBB
Security: Atherton Baptist Homes (CA) / General Revenues
Issuer: Alhambra (CA)
Bond: (Atherton Baptist Homes Project) rfdg rev bonds ser 2016 (insured: Cal-Mortgage Loan Insurance Division)
Series: 2016
09-May-2025
AA
Affirmed
Long Term Rating

06-May-2025
BBB
Affirmed
Unenhanced Long Term Rating

03-Mar-2025
AA
Affirmed
Enhanced Long Term Rating

Rating History
Country: United States
Sectors: US Public Finance; Healthcare and Pharma
Disclosures: EU Endorsed, UK Endorsed; Solicited by or on behalf of the issuer (sell side)
CUSIP: 016021BH9 (Public)
Maturity Date: 01-Jan-2033
Currency: USD
Amount: 0
Placement: Public
Security LTR: BBB
Security: Atherton Baptist Homes (CA) / General Revenues
Issuer: Alhambra (CA)
Bond: (Atherton Baptist Homes Project) rfdg rev bonds ser 2016 (insured: Cal-Mortgage Loan Insurance Division)
Series: 2016
09-May-2025
AA
Affirmed
Long Term Rating

06-May-2025
BBB
Affirmed
Unenhanced Long Term Rating

03-Mar-2025
AA
Affirmed
Enhanced Long Term Rating

Rating History
Country: United States
Sectors: US Public Finance; Healthcare and Pharma
Disclosures: EU Endorsed, UK Endorsed; Solicited by or on behalf of the issuer (sell side)
CUSIP: 016021BA4 (Public)
Maturity Date: 01-Jan-2026
Currency: USD
Amount: 0
Placement: Public
Security LTR: BBB
Security: Atherton Baptist Homes (CA) / General Revenues
Issuer: Alhambra (CA)
Bond: (Atherton Baptist Homes Project) rfdg rev bonds ser 2016 (insured: Cal-Mortgage Loan Insurance Division)
Series: 2016
09-May-2025
AA
Affirmed
Long Term Rating

06-May-2025
BBB
Affirmed
Unenhanced Long Term Rating

03-Mar-2025
AA
Affirmed
Enhanced Long Term Rating

Rating History
Country: United States
Sectors: US Public Finance; Healthcare and Pharma
Disclosures: EU Endorsed, UK Endorsed; Solicited by or on behalf of the issuer (sell side)
CUSIP: 016021BK2 (Public)
Maturity Date: 01-Jan-2040
Currency: USD
Amount: 0
Placement: Public
Security LTR: BBB
Security: Atherton Baptist Homes (CA) / General Revenues
Issuer: Alhambra (CA)
Bond: (Atherton Baptist Homes Project) rfdg rev bonds ser 2016 (insured: Cal-Mortgage Loan Insurance Division)
Series: 2016
09-May-2025
AA
Affirmed
Long Term Rating

06-May-2025
BBB
Affirmed
Unenhanced Long Term Rating

03-Mar-2025
AA
Affirmed
Enhanced Long Term Rating

Rating History
Country: United States
Sectors: US Public Finance; Healthcare and Pharma
Disclosures: EU Endorsed, UK Endorsed; Solicited by or on behalf of the issuer (sell side)
CUSIP: 016021BG1 (Public)
Maturity Date: 01-Jan-2032
Currency: USD
Amount: 0
Placement: Public
Security LTR: BBB
Security: Atherton Baptist Homes (CA) / General Revenues
Issuer: Alhambra (CA)
Bond: (Atherton Baptist Homes Project) rfdg rev bonds ser 2016 (insured: Cal-Mortgage Loan Insurance Division)
Series: 2016
09-May-2025
AA
Affirmed
Long Term Rating

06-May-2025
BBB
Affirmed
Unenhanced Long Term Rating

03-Mar-2025
AA
Affirmed
Enhanced Long Term Rating

Rating History
Country: United States
Sectors: US Public Finance; Healthcare and Pharma
Disclosures: EU Endorsed, UK Endorsed; Solicited by or on behalf of the issuer (sell side)
CUSIP: 016021BC0 (Public)
Maturity Date: 01-Jan-2028
Currency: USD
Amount: 0
Placement: Public
Security LTR: BBB
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05Disclosures

Endorsement Status
EU Endorsed, UK Endorsed
Country of ֳ Office
United States
Solicitation Status
Long Term RatingSolicited - Sell Side
Enhanced Long Term RatingSolicited - Sell Side
Unenhanced Long Term RatingSolicited - Sell Side

06Criteria

11Mar
2025
Active Criteria
U.S. Public Finance Tender Option Bond Rating Criteria
21Feb
2025
Active Criteria
U.S. Public Finance Not-For-Profit Life Plan Community Rating Criteria
10Jan
2025
Active Criteria
U.S. Public Sector, Revenue-Supported Entities Rating Criteria
08Jan
2025
Active Criteria
U.S. Public Finance Structured Finance Rating Criteria
13Dec
2024
Active Criteria
U.S. Public Finance Letter of Credit-Supported Bonds and Commercial Paper Rating Criteria
More Criteria

07Analysts

Michael Burger
Primary Rating Analyst

Gregory Dziubinski
Secondary Rating Analyst

Credit-Relevant ESG Scale

How relevant are E, S and G issues to the overall credit rating?

5
Highly relevant, a key rating driver that has a significant impact on the rating on an individual basis. Equivalent to "higher" relative importance within Navigator.
4
Relevant to rating, not a key rating driver but has an impact on the rating in combination with other factors. Equivalent to "moderate" relative importance within Navigator
3
Minimally relevant to rating, either very low impact or actively managed in a way that results in no impact on the entity rating. Equivalent to "lower" relative importance within Navigator.
2
Irrelevant to the entity rating but relevant to the sector.
1
Irrelevant to the entity rating and irrelevant to the sector

* ESG Relevance is applicable for international scale ratings only

Ratings KeyOutlookWatch
Positive
Negative
Evolving
Stable 

* Ratings displayed in orange denotes EU or UK Unsolicited and Non-Participatory Ratings

Where there was a review with no rating action (Review – No Action), please refer to the “Latest Rating Action Commentary” for an explanation of key rating drivers

*Premium Content is displayed in ֳ Red