S&P rates Advocate Health, Ill., bonds AA/A-1+

Standard & Poor's said it assigned an AA/A-1+ rating to the Illinois Finance Authority's $153.43 million of 2008A hospital revenue bonds issued for Advocate Health Care Network.

The issue consists of $51.14 million of series 2008A-1, $51.145 million of series 2008A-2 and $51.145 million of series 2008A-3.

In addition, S&P said it affirmed the AA long-term rating and AA- underlying rating on various series of health care revenue and refunding bonds issued by the authority for Advocate.

S&P also said it affirmed the AA/A-1+ long- and short-term ratings on the authority's series 2003A and 2003C bonds issued for Advocate.

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