Moody's gives Aa1/VMIG1 to Avera Health, S.D., facilities bonds

Moody's Investors Service said it assigned a rating of Aa1/VMIG1 to the $139.205 million series 2008A variable-rate demand revenue bonds issued by the South Dakota Health and Educational Facilities Authority for Avera Health.

The bonds will be issued in two sub-series, 2008A-1 ($72 million) and 2008A-2 ($67.205 million).

The rating is based on letter of credit provided by U.S. Bank, NA, which Moody's rates Aa1 for its long-term deposits and Prime-1 for its short-term deposits.

Moody's said it maintains an underlying rating of A1 on Avera Health.

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