Moody's rates Jewish Hospital, Ky., bonds A3

Moody's Investors Service said it assigned an A3 rating to Jewish Hospital & St. Mary's HealthCare's, Ky., $333 million of series 2008 fixed-rate revenue and refunding revenue bonds to be issued by Louisville/Jefferson County Metro Government.

The agency affirmed the A3 underlying rating on the $51.5 million of series 1996 bonds to remain outstanding.

The outlook is stable.

Proceeds will be used to fully refund the series 2002 and series 2004 bonds, provide $30 million in project funds, provide $22.4 million to terminate the swap agreement hedging the series 2002 bonds and pay the costs of issuance.

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