S&P gives A-1+ to Ascension Health bonds

Standard & Poor's said it assigned an A-1+ short-term rating to Ascension Health, Mo.'s $713.175 million of bonds, reflecting a mode change to variable-rate demand obligations.

The issue includes $253.4 million of Michigan State Hospital Finance Authority's 2003B1, B2, B7 and B8 series; $222.625 million of Missouri Health and Education Facilities Authority's $2003C1, C2, C4 and C5 series; and Indiana Health Facilities Financing Authority's $237.15 million of 2003E1 to E4 series.

S&P also said it affirmed the long-term AA rating on Ascension's debt from various issuers.

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