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PAULDING COUNTY HOSPITAL AUTHORITY, GA - Moody's Research Report

Moody's assigns Aa3 underlying rating to Wellstar Health System's(GA) $68.75 million of Series 2012B variable rate demand certificates; existing Aa3 underlying rating affirmed; outlook remains stable

Posted on: June 8, 2012, 7:53 pm

NEW YORK, June 08, 2012 --Moody's Investors Service has affirmed Wellstar Health System's (Wellstar) Aa3 long-term rating on $414.3 million of outstanding revenue certificates (see RATED DEBT section at end of report). This affirmation is in conjunction with Wellstar's plan to issue $31.25 million Series 2012A fixed rate revenue certificates guaranteed by Paulding County (Aa2/stable) and carrying Paulding County's rating and $68.75 million of Series 2012B variable rate demand certificates (VDRC) with a direct pay letter of credit (LOC) from Northern Trust Bank, NA. The LOC with Northern Trust Bank, NA is expected to expire June 28, 2017. The rating outlook remains stable...

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