Fitch assigns AA- to Laguna Honda Hospital bonds

Fitch Ratings said it assigned an AA- rating to the $120 million series 2008-R3 general obligation refunding bonds issued by the city and county of San Francisco for Laguna Honda Hospital.

The bonds will sell competitively on July 15.

The outlook is stable.

Fitch also affirmed the AA- rating on San Francisco's $1.07 billion in outstanding G.O. bonds and $67.3 million in San Francisco Finance Corp. lease revenue bonds (open space fund), as well as the A+ ratings on $20.6 million in outstanding settlement obligation bonds, $413 million lease-secured obligations, $69.4 million in San Francisco Finance Corp. lease-secured obligations, $6.5 million in San Francisco Parking Authority lease revenue bonds and $120.8 million in San Francisco Redevelopment Agency Moscone Convention Center and lease revenue bonds.

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