Moody's rates Resurrection Health Care bonds Aaa/VMIG1

Moody's Investors Service said it assigned a rating of Aaa/VMIG1 to the $100 million series 2008A and 2008B variable-rate revenue bonds issued by the Illinois Finance Authority for Resurrection Health Care.

Each series includes $50 million in bonds.

The sale date was June 5.

The ratings are based on letters of credit from LaSalle Bank, NA for series 2008A and JPMorgan Chase Bank, NA for series 2008B. Moody's rates both banks Aaa for their long-term obligations and Prime-1 for their short-term obligations.

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