Fitch rates Advocate Health, Ill., bonds AA/F1+

Fitch Ratings said it assigned an AA/F1+ rating to $470.75 million of series 2008B revenue refunding bonds and series 2008C revenue bonds issued by Illinois Finance Authority for Advocate Health Care Network.

Series B includes $4.45 million of series 2008B-1, $16.075 million of series 2008B-2, $26.95 million of series 2008B-3, $36.525 million of series 2008B-4 and $38.45 million of series 2008B-5.

Series C includes $129.9 million of series 2008C-2A, $58.425 million of series 2008C-2B, $88 million of series 2008C-3A and $21.975 million of series 2008C-3B.

The short term rating is based on standby bond purchase agreements provided by JPMorgan Chase Bank, NA; Wells Fargo Bank, NA; Northern Trust Co.; Bank of America, NA and Fifth Third Bank.

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