Fitch Rates Indiana Finance Authority's 2008 Sisters of St. Francis Health Revs 'AAA/F1+'...

Friday October 10, 3:25 pm ET NEW YORK--(BUSINESS WIRE)--Fitch Ratings has assigned 'AAA/F1+' ratings to the Indiana Finance Authority's health system revenue refunding bonds, series 2008 (Sisters of St. Francis Health Services, Inc. Obligated Group) consisting of the following: In addition, Fitch has assigned 'AA' underlying ratings to the series 2008D-H bonds. Fitch has also affirmed the 'AA' long-term ratings on approximately $833 million of long term debt for Sisters of St. Francis Health Services, Inc. Obligated Group. The rating is based on the rating of the banks providing the direct-pay letters of credit (LOCs) and the application of Fitch's joint probability methodology. The long-term 'AAA' rating assigned to each series of the Bonds is based jointly on the underlying rating assigned to the Sisters of St. Francis... [read full story]