Moody's gives underlying Baa1 to Doylestown Hospital, Pa.

Moody's Investors Service said it assigned a Baa1 underlying rating to Doylestown Hospital, Pa.'s $63.975 million of series 2008 A fixed-rate bonds and to $75 million of series 2008B variable-rate demand obligations to be issued by the Doylestown Hospital Authority.

The outlook is stable.

Assured Guaranty is expected to insure the 2008A bonds, so those bonds are expected to carry Assured's claims paying rating of Aaa.

PNC Bank is expected to provide a direct-pay letter of credit for the series 2008B obligations, so they are expected to carry a Baa1 rating.

The outlook is stable.

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