MOODY'S AFFIRMS Aa2/VMIG1 RATINGS ON CERTAIN CATHOLIC HEALTH INITIATIVE BONDS IN CONJUNCTION WITH SBPA AMENDMENTS; PARITY DEBT RATINGS OF Aa2, Aa2/VMIG1 AND P-1 RATINGS AFFIRMED; OUTLOOK REMAINS STABLE

Posted on: November 9, 2010, 3:45 pm

NEW YORK, Nov 9, 2010 -- Moody's Investors Service has affirmed the Aa2/VMIG1 ratings assigned to Catholic Health Initiatives' (CHI) $29.7 million of outstanding Series 2000B bonds issued by the Pulaski County, Arkansas, $107 million of outstanding Series 2000B and Series 2002B bonds issued by Colorado Health Facilities Authority (collectively the Bonds). At this time we are also affirming the Aa2, Aa2/VMIG1, and P-1 ratings assigned to Catholic Health Initiatives' (CHI) $3.44 billion of parity bonds and $551 million of commercial paper outstanding and issued by various authorities. The outlook remains stable. CHI has issued $117 million of commercial paper to pay off $117 million of long mode bonds maturing on November 10, 2010, this transaction is not reflected in the debt mix in this report...

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