Fitch rates Iowa Health 2008A bonds AAA/F1+

Fitch Ratings said it assigned a rating of AAA/F1+ to the $150 million Iowa Finance Authority variable-rate demand health facilities revenue bonds, series 2008A (Iowa Health System), consisting of: $75 million subseries 2008A-1 and $75 million subseries 2008A-2.

The long-term AAA rating assigned to the series 2008A bonds is based on the support of a financial guaranty insurance policy issued by Assured Guaranty Corp.

The proceeds of the bonds will be used to finance a portion of the costs of new hospital facilities, additions, improvements and renovations of various health care facilities.

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