Sentara HealthCare, VA Bond Rating Revised To 'AAA/A-1+' On Conversion To Weekly Rate Mode Apr 08

Standard & Poors, April 2008

Abstract
NEW YORK (Standard & Poor's) April 22, 2008--Standard & Poor's Ratings Services revised its rating on Sentara Healthcare, Va.'s $200.125 million series 2004A-C bonds, issued by the Norfolk Economic Development Authority (NEDA) to 'AAA/A-1+' from 'AAA', reflecting a mode change to variable-rate demand bonds (VRDBs). The 'AAA' long-term component of the rating is based on 'AAA' rated Financial Security Assurance Inc. insurance. The 'A-1+' short-term component of the rating reflects the ability of Sentara to fund, from its own liquidity, any bonds that have been tendered, but not successfully remarketed. The 'AA' Standard & Poor's underlying rating (SPUR) on the series 2004A-C bonds was affirmed. At the same time, Standard & Poor's affirmed its 'AA' standard long-term rating and SPUR...

Companies mentioned in this report are: Sentara Healthcare,Norfolk Econ Dev Auth
Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

Sentara Healthcare,Norfolk Econ Dev Auth

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