S&P rates Children's Healthcare, Ga., bonds AA/A-1+

Standard & Poor's said it assigned an AA long-term rating and A-1+ short-term rating on DeKalb Private Hospital Authority, Ga.'s $110 million of series 2008B and $40 million of 2008C bonds and Fulton County Development Authority's $50 million of 2008B bonds, all issued for Children's Healthcare of Atlanta.

The series 2008 bonds will refund series 2005 bonds, which were previously issued as auction-rate bonds. The series 2008 bonds will be in weekly mode supported by the self-liquidity of Children's.

Subsequently, these bonds will carry a dual rating of AA/A-1+.

The entire series 2008 variable-rate demand obligation issue has a standby bond purchase agreement provided by Landesbank Hessen-Thuringen Girozentrale, which is rated A/A-1.

The outlook is stable.

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