S&P rates Sutter Health, Calif., bonds AA-

Standard & Poor's said it assigned an AA- rating to California Health Facilities Financing Authority's $329.15 million of series 2008A revenue bonds and California Statewide Communities Development Authority's $300 million of series 2008B revenue bonds, both issued on behalf of Sutter Health, Calif.

S&P also said it affirmed the AA- rating and underlying rating on the outstanding health care revenue bonds issued on behalf of Sutter Health for various issuers.

The affirmation includes rating on the series 2004C and 2004D revenue bonds, which are expected to be converted to fixed-rate from auction-rate mode in early May.

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