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Moody's assigns Aaa/VMIG1 to Orlando Regional Healthcare bonds
Moody's Investors Service said it assigned a rating of Aaa/VMIG1 to the Orange County Health Facilities Authority's $179.36 million series 2008D-G hospital revenue bonds issued for the Orlando Regional Healthcare System, Fla.
The expected sale dates are June 17 for the $35.55 million series F and June 19 for the $54.13 million series D, $54.13 million series E and $35.55 million series G.
The rating is based on letters of credit from SunTrust Bank, which Moody's rates Aa2 for long-term obligations and Prime-1 for short-term obligations. Moody's maintains an underlying rating of A2 on Orlando Regional Healthcare System.
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