Fitch Takes Various Actions on Stanford Hospital and Clinics Bonds (CA) Series 2008A-2&B-2

NEW YORK--(BUSINESS WIRE)-- Fitch Ratings has revised the long-term rating to 'AA-' from 'AA+' and withdrawn the 'F1+' rating assigned to the California Health Facilities Financing Authority (CA) (Stanford Hospital and Clinics) hospital revenue bonds series 2008A-2. The ratings actions are in connection with the June 15, 2011 mandatory tender of the bonds, subsequent termination of the letter of credit (LOC) provided by Bank of America, N.A. supporting the bonds and reoffering of the bonds in a long term rate mode.

In addition, the remarketing of the California Health Facilities Financing Authority (CA) (Stanford Hospital and Clinics) hospital revenue bonds series 2008B-2 does not affect its ratings, according to Fitch Ratings.

With this remarketing these bonds will receive new CUSIPs:

California Health Facilities Financing Authority 2008A-2

13033F3S7 (original)

13033LMV6 (remarketed)

13033LMW4 (remarketed)

13033LMX2 (remarketed)

13033LMY0 (remarketed)

13033LMZ7 (remarketed)

13033LNA1 (remarketed)

13033LNB9 (remarketed)

13033LNC7 (remarketed)

13033LND5 (remarketed)

13033LNE3 (remarketed)

13033LNF0 (remarketed)

13033LNG8 (remarketed)

California Health Facilities Financing Authority 2008B-2

13033F3U2 (original)

California Health Facilities Financing Authority 2008B-2 subseries 1

13033LNX1 (remarketed)

California Health Facilities Financing Authority 2008B-2 subseries 2

13033LNY9 (remarketed)

Additional information is available at 'www.fitchratings.com'.

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE.



CONTACT:

Fitch Ratings
Cindy Stoller, +1-212-908-0526
Media Relations, New York
[email protected]
or
Primary Analyst:
Richard Park, +1-212-908-0289
Associate Director
Fitch, Inc.
33 Whitehall Street
New York, NY 10004
or
Secondary Analyst:
Trudy Zibit, +1-212-908-0689
Managing Director

KEYWORDS:   United States  North America  California  New York

INDUSTRY KEYWORDS:   Education  University  Health  Hospitals  Professional Services  Finance

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