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Moody's gives underlying Aa3 to Sisters of St. Francis, Ind., bonds
Moody's Investors Service said it assigned Aa3 underlying ratings to Sisters of St. Francis Health Services' $81.66 million of series 2008A variable-rate demand bonds and $81.3 million of series 2008B variable-rate demand bonds, both to be issued by the Indiana Finance Authority.
The outlook is stable.
Sale of the bonds is expected on May 12. Both series are expected to be supported by direct-pay letters of credit from JPMorgan Chase Bank.
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