(Editor's Note: This article was originally published on March 3, 1998. It is being republished now for RatingsDirect.) NY -- Standard&Poor's CreditWire 3/3/98 -- Standard&Poor's today revised the outlook on approximately $1.7 billion in debt (see list below) insured by California's Health Facilities Construction Loan Insurance Program (Cal-Mortgage) to positive from stable. This outlook revision is based on the improved rating outlook on the state's G.O. rating, which was revised to positive from stable on Feb. 17, 1998. The Cal-Mortgage program provides credit enhancement for public and not-for-profit health care organizations in California that would otherwise have difficulty gaining access to capital markets. The program insures loans through a fund built from Cal-Mortgage fees and premiums,
