S&P ups Yuma Regional Medical Center bonds to A+

Standard & Poor's said it raised its ratings to A+ from A on Yuma City Industrial Development Authority's $52.725 million series 2004A, $56.3 million series 2004B and $1.47 million series 2001 hospital revenue bonds, issued for Yuma Regional Medical Center, Ariz.

The series 2004 bonds are being converted from auction-rate securities to variable-rate demand obligations with liquidity support provided by a JPMorgan Chase (AA-) standby bond purchase agreement. S&P expects to assign an AAA/A-1+ to the bonds based on that agreement.

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