The 'AA' rating on the Indiana Health Facilities Finance Authority's securities, series 2002E; the Escambia County Health Facilities Authority's bonds, series 2002C; the Jacksonville Health Facilities Authority's bonds, series 2002A; the Michigan State Hospital Finance Authority's bonds, series 2002B; the Wisconsin Health and Educational Facilities Authority's securities, series 2002D; and the Indiana Health Facilities Finance Authority's bonds, series 2002F and series 2002G, issued for Ascension Health, Mo., reflects: The maintenance of a solid operating profile, highlighted by improved operations in each of the past two years and continued improvement for the nine-month-interim period ended March 31, 2002; The expectation that improved operations will continue through fiscal-year-end and beyond; Considerable geographic and financial dispersion among the system members, as Ascension Health
