SAN FRANCISCO (Standard&Poor's CreditWire) Nov. 20, 2000--Standard&Poor's today placed on CreditWatch with negative implications (from CreditWatch developing) its single-'A' underlying ratings (SPURs) on California Health Facilities Financing Authority's $160.9 million hospital revenue bonds series 1998B and $33 million hospital revenue bonds series 1998B, both issued for Stanford Hospital and Clinics and Lucile Salter Packard Children's Hospital at Stanford (operating together as Stanford Hospital and Clinics). The ratings were placed on CreditWatch Negative based on preliminary year-end numbers provided by management that indicate substantial balance sheet erosion coupled with disappointing operating results. Standard&Poor's will consider a downward rating action when audited financial results are available, most likely by the end of November. Standard&Poor's
