Fitch rates Scottsdale, Ariz., bonds A-

Fitch Ratings said it assigned an A- rating to the Industrial Development Authority of the City of Scottsdale, Ariz.'s approximately $153 million of hospital revenue refunding bonds (Scottsdale Healthcare), series 2008A.

The bonds will be issued in uninsured fixed-rate mode.

In addition, Fitch said it upgraded to A- from BB+ the rating on $234.1 million of outstanding bonds issued on behalf of Scottsdale Healthcare.

The bonds are expected to price by negotiation during the week of May 12.

The outlook is stable.

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