Fitch rates Fletcher Allen, Vt., bonds BBB+

Fitch Ratings said it assigned an underlying BBB+ rating to the Vermont Educational and Health Buildings Financing Agency's approximately $50 million of variable-rate hospital revenue refunding bonds (Fletcher Allen Health Care project), series 2008A.

The series 2008 bonds will be issued as variable-rate demand bonds, backed by bank support. The bonds will be priced through negotiation by Citigroup during the week of April 28.

Fitch also said it affirmed the BBB+ underlying rating on Fletcher Allen's series 2004B bonds and $226.8 million of outstanding bonds.

The outlook is stable.

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