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Fitch rates U. of Pittsburgh Medical Center bonds AA-
Fitch Ratings said it assigned a rating of AA- to $250 million Allegheny County, Pa., Hospital Development Authority, University of Pittsburgh Medical Center, revenue bonds, series 2008B. Fitch also said it affirmed the AA- rating on the authority's outstanding parity debt and affirmed the F1+ on the outstanding series 2005B bonds.
The outlook is stable.
Proceeds will be used primarily to refinance portions of the authority's existing debt and fund ongoing capital expenditures, Fitch said.
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