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Fitch rates Silver Cross Hospital, Ill., bonds A
Fitch Ratings said it assigned an A rating to $88.6 million Illinois Finance Authority revenue refunding bonds, series 2008A, (Silver Cross Hospital and Medical Centers).
The series 2008A bonds are being issued to refund Silver Cross' approximately $80 million of series 2005B and D auction-rate securities issued through the Illinois Finance Authority. In addition, Fitch placed Silver Cross' outstanding debt on Rating Watch negative.
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