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Article Excerpt
NEW YORK -- Fitch Ratings assigns a rating of 'AAA/F1+' to $125,000,000 County of Allen (Ohio) adjustable rate hospital facilities revenue bonds, series 2008A (Catholic Healthcare Partners), and a rating of 'AA+/F1+' to the following County of Allen (Ohio) adjustable rate hospital facilities revenue bonds: $75,000,000 series 2008B; $37,500,000 series 2008C; $32,500,000 series 2008D; and $30,000,000 series 2008E. The long-term ratings are each based jointly on Catholic Healthcare Partners (the obligor, currently rated 'AA-' by Fitch) and the support provided by the separate irrevocable, direct-pay letters of credit (LOC) securing each series of bonds, as follows: Bank of America, N.A. (currently rated 'AA/F1+', on Rating Watch Negative, by Fitch)...
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