Moody's gives AAA/VMIG1 to MultiCare Health, Wash., bonds

Moody's Investors Service said it assigned a rating of Aaa/VMIG1 to Washington Health Care Facilities Authority revenue bonds, series 2008A and series 2008B (MultiCare Health System).

Sale of the $50 million series 2008A and $50 million series 2008B bonds was expected on May 15.

The long-term portion of the rating for each series is based upon the bond insurance policy provided by Assured Guaranty Corp. The short-term portion of the rating is based on the standby bond purchase agreements provided by Wells Fargo Bank NA for each series.

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