Moody's rates Palmetto Health, S.C., bonds Aaa/VMIG1

Moody's Investors Service said it assigned a rating of Aaa/VMIG1 to South Carolina Jobs-Economic Development Authority variable-rate demand hospital refunding revenue bonds (Palmetto Health) series 2008A totaling $43.805 million and 2008B totaling $49.36 million.

The bonds are supported by a letter of credit provided by Bank of America, NA, rated Aaa for long-term obligations and Prime-1 for short-term obligations.

Moody's said it maintains an underlying rating of Baa1 on Palmetto Health.

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