NEW YORK (Standard&Poor's CreditWire) Aug. 5, 1999--Standard&Poor's today placed its single 'A'-plus underlying rating (SPUR) for California Health Facilities Financing Authority's $33 million hospital revenue bonds series, $77.12 million hospital revenue bonds series 1998A, $28.99 million revenue bonds series 1998A, and $160.9 million revenue bonds series, issued for University of California San Francisco Stanford Health Care, on CreditWatch with negative implications. The rating is placed on CreditWatch with negative implications due to substantial deterioration in financial performance at the recently merged health system. Management anticipates an operating loss of about $65 million for the fiscal year-ending Aug. 31, 1999, representing a significant decline from the operating loss of $12.3 million in fiscal 1998. In a further
