Moody's up Adventist Health bonds to Aa2/VMIG1

Moody's Investors Service said it upgraded to Aa2 from A1 the long-term rating assigned to the $84 million series 2007C and $45.675 million series 2004A hospital revenue bonds issued by the Highlands County Health Facilities Authority, Fla., for Adventist Health System/Sunbelt Obligated Group, and assigned a short-term rating of VMIG1.

The action was taken in conjunction with conversion of the bonds to the weekly mode from the auction-rate mode and delivery of a letter of credit from Suntrust Bank, whose long-term and short-term deposits are rated Aa2/P-1 by Moody's.

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