Moody's rates Fletcher Allen Health, Vt., bonds Baa1

Moody's Investors Service said it assigned a Baa1 rating and stable outlook to Fletcher Allen Health Care's upcoming sale of $50 million of 2008A bonds, which will be issued as variable-rate demand bonds through the Vermont Educational & Health Buildings Financing Authority.

They will be supported by a letter of credit from TD Banknorth NA, which is rated Aa2/P-1.

Sale of the bonds is expected on May 15.

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