Fitch rates PeaceHealth bonds AA, AA-

Fitch Ratings said it assigned an AA-/F1+ rating to the $95.495 million 2008 series A and $99.175 million 2008 series B Oregon Facilities Authority revenue bonds issued for PeaceHealth. Fitch assigned an AA/F1+ rating to the $80 million series C and $70 million series D bonds.

Ratings are based on letters of credit from U.S. Bank, NA for series A and B and Wells Fargo Bank, NA for series C and D.

Fitch also assigned an AA/F1+ rating to the $43.625 million series 2008 B and $22.065 million series 2008C bonds issued for PeaceHealth by the Washington Health Care Facilities Authority and an AA-/F1+ to the $21.025 million series 2008D bonds.

Ratings are based on letters of credit from U.S. Bank, NA for series D and Wells Fargo Bank, NA for series B and C.

All the bonds issued by both authorities are expected to be delivered on June 26.

Proceeds will be used to refinance taxable debt of PeaceHealth that was incurred to redeem certain bonds of the Oregon Facilities Authority and Washington Health Care Facilities Authority issued to finance or refinance the costs of PeaceHealth's capital expenditures for facilities in Oregon and Washington.

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