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Fitch gives A to Orlando, Fla., health care bonds
Fitch Ratings said it assigned an A rating to Orange County Health Facilities Authority, Fla.'s approximately $78.97 million of hospital revenue bonds (Orlando Regional Healthcare system), series 2008C.
At the same time, Fitch assigned an underlying A rating to the system's $152.5 million of series 2008A and B bonds.
The 2008A and B bonds are expected to be insured by Financial Security Assurance, which is rated AAA.
Fitch also assigned an underlying A rating to the system's $188 million of series D to G bonds, which will be backed by a direct-pay letter of credit from SunTrust.
Finally, Fitch said it affirmed the underlying A rating on the system's outstanding debt.
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