Moody's gives Aaa/VMIG1 to Spartanburg Regional Health bonds

Moody's Investors Service said it assigned an Aaa/VMIG1 rating to the Spartanburg Regional Health Services District, Inc., S.C., hospital revenue and revenue refunding bonds, series 2008B and 2008C.

Sale of the $90.77 million series 2008B bonds and $20.045 million series 2008C bonds was expected on June 25.

The long-term portion of the rating is based upon the bond insurance policy provided by Assured Guaranty Corp. The short-term portion of the rating is based on the standby bond purchase agreement provided by Bank of America, NA.

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