Fitch gives AA- to Catholic Healthcare bonds

Fitch Ratings said it assigned an underlying rating of AA- to the Health, Educational and Housing Facilities Board of the County of Knox, Tenn.'s $75.2 million of adjustable-rate hospital facilities revenue bonds, series 2008A, and the County of Allen, Ohio's $302.1 million of adjustable-rate hospital facilities revenue bonds, series 2008A, both for the benefit of Catholic Healthcare Partners.

Sale of the bonds is expected by negotiation the week of May 12.

In addition, Fitch said it affirmed the AA- rating on Catholic Healthcare Partners' $1.3 billion of outstanding debt including about $350 million of auction-rate securities being converted to fixed-rate bonds.

The outlook is stable.

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