Moody's rates Sisters of Mercy, Mo., bonds Aa2/VMIG1

Moody's Investors Service said it assigned an Aa2/VMIG1 rating to Sisters of Mercy Health System's $109.7 million of series 2008A, B and C variable-rate demand obligations refunding revenue bonds to be issued through the Missouri Health and Educational Facilities Authority.

The bonds are expected to be issued on May 21. They will be supported by a standby bond purchase agreement.

The outlook is stable.

Moody's also said it affirmed the existing Aa2 unenhanced and underlying ratings on the system's debt.

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