CHICAGO (Standard&Poor's) March 20, 2009--Standard&Poor's Ratings Services said its 'AA-' rating on the series 2009 uninsured fixed-rate bonds of Reid Hospital, Ind. (to be issued by Richmond Hospital Authority) and its 'AA-' underlying rating (SPUR) on the series 2005A, 2005B, and 2005C bonds, are unaffected by the hospital's forbearance agreements with FSA and JP Morgan Chase Bank. The agreements, signed March 13, 2009, are related to Reid's series 2005A bonds (AAA/A-1+/Watch Neg), series 2005B, and series 2005C bonds (AAA/A-1+). However, the series 2005B and series 2005C bonds are expected to be refunded shortly. The forbearance agreements require a one-time stricter debt service coverage test of 1.5x by Dec. 31, 2009, and a change to Reid's FSA
