Moody's gives A2 to Catholic Healthcare West, Calif., bonds

Moody's Investors Service said it assigned A2 ratings to Catholic Healthcare West's $146.25 million of series 2008C to E fixed-rate bonds and $298.7 million of series 2008B to L fixed-rate bonds.

The series 2008C to E bonds will be issued by the California Statewide Communities Development Authority, and the series 2008G to L bonds will be issued by the California Health Facilities Financing Authority.

Moody's said Catholic Healthcare West will be issuing these fixed-rate bonds instead of the same amount of variable-rate bonds, as initially contemplated. Sale of the bonds is expected on May 1.

The outlook remains positive.

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