S&P rates U. of Alabama Hospital bonds A+

Standard & Poor's said it assigned an A+ long-term rating to Board of Trustees of University of Alabama's $109.4 million series 2008A fixed-rate hospital revenue bonds, issued for University of Alabama Hospital.

The agency also assigned an A+ underlying rating the $110.705 million series 2008B variable-rate hospital revenue refunding bonds issued by the board for the hospital.

The outlook is stable.

The series 2008B bonds will be backed by a direct pay letter of credit from Regions Bank (A+/A-1).

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