Fitch Withdraws Credit Enhanced Ratings on Banner Health, AZ 2008B & 2008C Bonds

<0> Fitch Withdraws Credit Enhanced Ratings on Banner Health, AZ 2008B & 2008C Bonds </0>

<0> Fitch RatingsPrimary AnalystRichard ParkDirector+1-212-908-0289Fitch Ratings, Inc.One State Street PlazaNew York, NY 10004orSecondary AnalystTrudy ZibitManaging Director+1-212-908-0689orMedia Relations:Elizabeth Fogerty, New York, +1 212-908-0526Email: </0>

Fitch Ratings withdraws its 'AA+/F1+' credit enhanced rating on the following bonds:

--Arizona Health Facilities Authority (AZ) (Banner Health) variable-rate demand revenue bonds series 2008B;

--Arizona Health Facilities Authority (AZ) (Banner Health) variable-rate demand revenue bonds series 2008C.

The long-term rating assigned to the bonds is revised to 'AA-' with a Stable Outlook based on the underlying rating assigned by Fitch to Banner Health System's general revenue bonds.

The rating withdrawal is in connection with the conversion of the bonds from a weekly rate to a direct purchase index rate and termination of the letters of credit supporting the bonds.

Additional information is available at ''.

Applicable Criteria and Related Research:

--'U.S. Municipal Structured Finance Criteria' (Feb. 27, 2013);

--'Rating Guidelines for Letter of Credit-Supported Bonds' (June 20, 2012).

Applicable Criteria and Related Research:

U.S. Municipal Structured Finance Criteria

Rating Guidelines for Letter of Credit-Supported Bonds

Additional Disclosure

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ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: . IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE ''. 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. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.

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