SAN FRANCISCO (Standard&Poor's CreditWire) Sept. 26, 2000--Standard&Poor's today assigned its double-'A' rating to California Health Facilities Financing Authority's $2.4 million insured health facility revenue bonds series 2000A, issued for True to Life Children's Services. The bonds are scheduled to sell Sept. 27, 2000. The outlook is stable. The rating is based on insurance from California's Health Facilities Construction Loan Insurance Program (Cal-Mortgage). Under the Cal-Mortgage program, the bonds are guaranteed by the program's own Health Facilities Construction Loan Insurance Fund (HFCLIF), which is funded by up-front fees from new issuers, interest income on the fund, and from the annual premium charged to borrowers (0.5% of par amount). However, the ultimate backing for the program is the
