SAN FRANCISCO (Standard&Poor's CreditWire) Dec. 3, 1999--Standard&Poor's today assigned its double-`A'-minus rating to California Health Facilities Finance Authority's $17.6 million insured health facilities revenue bonds series 1999A, issued for FamiliesFirst Inc. The bonds are scheduled to sell Dec. 10, 1999. The outlook is stable. Additionally, Standard&Poor's affirmed its double-'A'-minus rating on the California Statewide Communities Development Authority's $9.84 million certificates of participation series 1994, also issued for FamiliesFirst. The rating is based on insurance from the State of 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,
