Fitch rates Adventist Health bonds A+/F1+

Fitch Ratings said it will assign a rating of A+/F1+ to the following Highlands County Health Facilities Authority hospital revenue bonds issued for Adventist Health System/Sunbelt Obligated Group: $45.675 million series 2004A; $82.245 million series 2006B (refunding bonds); and $84 million series 2007C.

These rating actions are in connection with the mandatory tender and reoffering of each series of bonds in a weekly interest rate mode. The revised rating on each series of bonds will be based on separate, irrevocable direct-pay letters of credit to be issued by SunTrust Bank.

The LoC-based ratings will become effective for the series 2004A bonds on July 2, for the series 2006B bonds on July 3; and for the series 2007C bonds on July 2.

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