Moody's ups Clarian Health bonds to Aaa/VMIG1

Moody's Investors Service said it upgraded its long-term rating to Aaa from A2 on the Indiana Health & Educational Facility Financing Authority's $74.825 million series 2005C revenue bonds issued for Clarian Health Obligated Group and assigned a short-term rating of VMIG1.

The actions were taken in conjunction with the delivery of a letter of credit from Branch Banking & Trust Co. and the conversion of the bonds to a weekly interest rate mode from an auction-rate mode. The scheduled conversion date is Aug. 1.

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