Fitch rates Blanchard Valley Regional Health bonds F1

Fitch Ratings said it confirmed the long-term AAA rating on $110.875 million series 2004 hospital facilities revenue bonds issued by Hancock County, Ohio, for Blanchard Valley Regional Health Center and assigned a short-term rating of F1.

The action comes in connection with the conversion of the interest rate mode on the bonds from the R-Floats mode to a weekly rate mode and is based on a standby bond purchase agreement provided by Fifth Third Bank. The conversion was expected to occur July 3.

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