S&P cuts Anne Arundel Health, rates bonds A-

Standard & Poor's said it lowered its underlying rating to A- from A and revised its outlook to stable from negative on Maryland Health and Higher Educational Facilities Authority's $89.82 million series 2004A and 2004B revenue bonds ($86.92 million outstanding on June 30, 2007) issued for Anne Arundel Health System.

In addition, S&P assigned its A- rating to the authority's $60 million series 2008A fixed-rate hospital revenue bonds and its A- underlying rating to the $120 million series 2008B variable-rate demand bonds also issued for Anne Arundel Health System.

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