<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
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