Summary: Longhorn Village, TX Series 2008 Bonds Rating Lowered To ?A/A-1?; Letter of Credit Feb 12

Standard & Poors, February 2012

Abstract
Standard & Poor's Ratings Services lowered its rating on Travis County Health Facilities Development Corp., Texas' (Longhorn Village Project) variable-rate demand retirement facilities revenue bonds series 2008 to 'A/A-1' from 'A+/A-1'. This action follows Standard & Poor's Nov. 29, 2011, downgrade of its rating on Bank of Scotland PLC to 'A/A-1' from 'A+/A-1' (please see "Lloyds TSB Bank PLC Long-Term Rating Lowered To 'A' On Bank Criteria Change; Outlook Stable," published Nov. 29, 2011, on RatingsDirect on the Global Credit Portal). Criteria: Methodology And Assumptions: Approach To Evaluating Letter Of Credit-Supported Debt, July 6, 2009...

Companies mentioned in this report are: Longhorn Vill,Travis Cnty Hlth Fac Dev Corp
Action: Downgraded

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This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.

Longhorn Vill,Travis Cnty Hlth Fac Dev Corp

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