Moody's affirms Aa3/VMIG1 for William Beaumont bonds

Moody's Investors Service said it affirmed the Aa3/VMIG1 rating of the City of Royal Oak Hospital Finance Authority's $78.5 million series 2006T and series 2006U hospital revenue refunding bonds issued for William Beaumont Hospital Obligated Group, Mich.

The action was taken in conjunction with amendments to standby bond purchase agreements provided by Morgan Stanley Bank. The Aa3 rating for each series of bonds is based on the Aa3 underlying rating of William Beaumont Hospital.

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