S&P rates Essentia Health, N.D. and Minn., bonds A-

Standard & Poor's said it assigned an A- long-term rating to Cass County, N.D.'s $62.865 million of health care facilities revenue bonds and Minnesota Agricultural and Economic Development Board's $42.625 million of series 2008E fixed-rate health care facilities revenue bonds, both issued for Essentia Health.

Assured Guaranty Corp. is expected to insure the bonds. At that point, the A- rating will convert to an underlying rating.

S&P also said it affirmed the A- long-term rating and underlying ratings on all other debt issued for Essentia and the Essentia Health obligated group.

The outlook is positive.

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