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Moody's gives Aaa/VMIG1 to Hospital Sisters conversion bonds
Moody's Investors Service said it affirmed the Aaa long-term rating of the $100.425 million series 2007C revenue bonds issued for Hospital Sisters Services, Inc. by the Illinois Finance Authority and assigned a short-term rating of VMIG1 in conjunction with the conversion of the bonds to a weekly rate mode from an auction-mode.
The conversion is scheduled for June 17.
The short-term rating is based on a standby bond purchase agreement from JPMorgan Chase Bank NA, which Moody's rates Aaa for long-term deposits and Prime-1 for short-term deposits.
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