Moody's ups Clarian Health conversion bonds to Aaa

Moody's Investors Service said it upgraded to Aaa from A2 its long-term rating on the Indiana Health & Educational Facility Financing Authority's $75.15 million series 2005D revenue bonds issued for Clarian Health Obligated Group and assigned a short-term rating of VMIG1.

The actions were taken in conjunction with delivery of a letter of credit from Branch Banking & Trust Co. and conversion of the bonds to a weekly interest rate mode from an auction-rate mode, scheduled for Aug. 4.

Moody's rates both Clarian Health and the bank A2.

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