Moody's rates CaroMont Health, N.C., bonds Aaa/VMIG 1

Moody's Investors service said it assigned a rating of Aaa/VMIG 1 to North Carolina Medical Care Commission's $118.4 million of hospital revenue bonds (CaroMont Health) series 2008.

Sale of the bonds was expected on Thursday.

The rating is based on an insurance policy from Assured Guaranty Corp. and a standby purchase agreement from Regions Bank.

Assured has an Aaa rating from Moody's. The bank has a long-term rating of Aa3 and a short-term rating of P-1.

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