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S&P rates MultiCare Health, Wash., bonds A+
Standard & Poor's said it assigned an A+ underlying rating to Washington Health Care Facilities Authority's $100 million of series 2008A and 2008B hospital variable-rate demand revenue bonds and an A+ rating to the $30 million of 2008C health care revenue bonds, all issued for MultiCare Health System.
The issue includes $50 million of series 2008A and $50 million of series 2008B.
S&P said a short-term rating on the series 2008A and 2008B bonds will be assigned based on an insured liquidity.
S&P also said it affirmed the outstanding A+ ratings on the authority's debt issued for Multicare.
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