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Fitch gives AA-/F1+ to Lake Hospital System bonds
Fitch Ratings said it assigned an AA-/F1+ rating to the $57 million series 2008A and $57.5 million series 2008B hospital facilities refunding revenue bonds to be issued by Lake County, Ohio, for Lake Hospital System, Inc.
The bonds are expected to be delivered on June 26.
The rating is based on a letter of credit provided by JPMorgan Chase Bank, NA.
Bond proceeds will be used to refinance a loan provided by JPMorgan Chase Bank and to redeem the county's series 2007B and 2007C hospital revenue bonds.
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