CHICAGO (Standard&Poor's) Oct. 5, 2012--Standard&Poor's Ratings Services assigned its 'A+' long-term rating to the Louisiana Public Facilities Authority 's $100 million series 2012B fixed-rate hospital revenue bonds issued for Franciscan Missionaries of Our Lady Health System (FHOLHS). At the same time Standard&Poor's affirmed its 'A+' long-term rating and underlying rating (SPUR), where applicable, on bonds previously issued for FMOHLS. Standard&Poor's also affirmed its 'AAA/A-1' dual rating on FMOHLS' series 2008A and 2005B bonds. The dual rating is based on low-correlation joint support provided irrevocable direct-pay letters of credit (LOCs) from JPMorgan Chase Bank N.A. (A+/A-1). The outlook on all ratings, where applicable, is stable. The 'A+' rating reflects our view of FHOLHS'
