Moody's rates Methodist LeBonheur, Tenn., bonds A2

Moody's Investors Service said it assigned an A2 underlying rating Methodist LeBonheur Healthcare's $270 million of series 2008A and an A2 rating to Methodist LeBonheur's 2008B variable-rate revenue bonds and $110.9 million of series 2009C fixed-rate revenue bonds, all to be issued by the Health, Educational and Housing Facility Board of the County of Shelby, Tenn.

There is $135 million each of series 2008A and series 2008B.

Series 2008A and B are expected to sell on June 11. Series 2008C is expected to sell on May 20.

Moody's also said it affirmed the A2 underlying rating on the series 2004A, B and C bonds to remain outstanding, in connection with the conversion of those bonds to fixed-rate mode from auction-rate mode.

The outlook is stable.

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