Fitch to raise SSM Health Care, Mo., bonds to AAA

Effective May 15, Fitch Ratings said it will raise to AAA the current AA- long-term rating assigned to the $113 million Health and Educational Facilities Authority of the State of Missouri health facilities revenue bonds (SSM Health Care), consisting of $64.6 million series 2005A-1 and $48.4 million series 2005C-2.

At the same time, Fitch said it will assign a short-term F1+ rating to the series 2005A-1 bonds and confirm the F1+ rating on the series 2005C-2 bonds.

These rating actions are in connection with the reoffering of the bonds in a weekly interest rate mode, the release of the Financial Guaranty Insurance Policy supporting the bonds, and the release of the Bank of New York liquidity facility supporting the series 2005C-2 bonds, and the provision of letters of credit for each series of bonds by Bank of America NA.

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