Fitch rates Clarian Health conversion bonds AA-/F1+

Fitch Ratings said it assigned AA-/F1+ ratings to the Indiana Health and Educational Facility Financing Authority's $74.825 million series 2005C and $75.15 million series 2005D revenue bonds issued for Clarian Health Obligated Group.

The action comes in connection with conversion of the bonds from an auction-rate mode to a weekly rate mode. The conversion is scheduled for Aug. 1 for series 2005C and Aug. 4 for series 2005D.

The rating is based on letters of credit issued by Branch Banking and Trust Co.

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