Moody's rates Iowa Health System bonds Aaa/VMIG1

Moody's Investors Service said it assigned the ratings of Aaa/VMIG1 to the Iowa Finance Authority $150 million variable-rate demand health facilities revenue bonds (Iowa Health System), series 2008A-1 & 2008A-2.

Each subseries will be issued in the par amount of $75 million. Pricing was expected on May 20.

The long term portion of the rating is based upon the bond insurance policy issued by Assured Guaranty Corp. The short-term portion of the rating is based on the standby bond purchase agreements provided by Landesbank Baden-Wurttemberg.

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