Moody's lifts Poudre Valley Health, Colo., to Baa1

Moody's Investors Service said it upgraded to Baa1 from Baa2 the rating assigned to Poudre Valley Health Care, Inc. Medical Center of the Rockies' $376.75 million of outstanding debt issued through the Colorado Health Facilities Authority.

At the same time, Moody's revised the outlook to stable from positive.

The affected debt includes $6.75 million of series 1999B, $50 million of 2005A, $83 million of 2005B, $82 million of series 2005C, $70 million of series 2005D, $30 million of series 2005E and $55 million of series 2005F.

The action was taken in connection with the conversion of the series 2005A, 2005B and 2005C bonds from auction-rate securities to a fixed-rate mode, which is expected to happen in early April. Those bonds will continue to be insured by FSA, which is rated Aaa with a stable outlook.

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