Fitch rates Gunderson Lutheran, Wis., bonds A+

Fitch Ratings said it assigned an underlying A+ rating to the Wisconsin Health and Educational Facilities Authority's approximately $89.3 million of hospital revenue bonds (Gunderson Lutheran), series 2008A and series 2008B.

Fitch also said it revised the outlook to positive from stable on about $174.3 million of outstanding bonds. The underlying rating on those bonds was also affirmed at A+.

The series 2008A and 2008B bonds will be issued as variable-rate demand bonds. They will be backed by a direct-pay letter of credit from Wells Fargo Bank, NA.

They are expected to sell the week of May 26.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.