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S&P gives AA/A-1+ to Methodist of Houston debt
Standard & Poor's said it assigned an AA/A-1+ rating to Harris County Health Facilities Development Corp., Texas' $350 million of series 2008A variable-rate refunding bonds issued for Methodist Hospital of Houston.
In addition, S&P said it revised the rating to AA/A-1+ from AA on the corporation's series 2005A and 2006C bonds issued for Methodist, reflecting a conversion of those bonds to variable-rate demand bonds from auction-rate mode later this month.
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