Fitch gives AA-/F1+ to Frederick Memorial Hospital bonds

Fitch Ratings said it assigned AA-/F1+ ratings to the Maryland Health and Higher Educational Facilities Authority's $73.6 million revenue bonds (Frederick Memorial Hospital issue), series 2008.

The rating is based on the support of an irrevocable direct-pay letter of credit provided by Branch Banking and Trust Co.

The bonds are expected to be delivered around July 9.

Proceeds of the bonds will be used to refund the authority's outstanding Frederick Memorial Hospital revenue bonds, series 2006A and series 2006B.

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