Moody's rates Calif., Ariz. Catholic Healthcare bonds A2

Moody's Investors Service said it assigned an A2 rating to Catholic Healthcare West's $825.9 million of series 2008 bonds.

The outlook remains positive.

The issue includes $80 million of series 2008 A and B fixed-rate bonds and $120 million of series 2008 C and D variable-rate demand obligations (VRDOs) issued through the California Statewide Communities Development Authority, $361.225 million of series 2008 A to F VRDOs issued through the California Health Facilities Financing Authority and $264.675 million of series 2008 A to D VRDOs issued through the Arizona Health Facilities Authority.

Sale of the bonds is expected on April 15.

Moody's also said it affirmed the A2 rating on Catholic Healthcare West's $3.6 billion of outstanding debt.

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