S&P rates Rady Children's Hospital bonds A+/A-1, AA-/A-1+

Standard & Poor's said it assigned an A+/A-1 rating to the $63.75 million series 2008A variable-rate revenue bonds issued by the California Statewide Communities Development Authority for Rady Children's Hospital and Health Center, and assigned an AA-/A-1+ rating to the $63.75 million series 2008B bonds.

The ratings are based on letters of credit from Allied Irish Banks plc (A+/A-1) for series 2008A and Bank of the West (AA-/A-1+) for series 2008B.

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