NEW YORK (Standard&Poor's) June 23, 2005--Standard&Poor's Ratings Services placed its 'A+/A-1+' ratings on Lee Memorial Health System Board of Directors, Fla.'s 1985CD, 1992B, 1995A, and 1997 bonds, issued on behalf of Lee Memorial Health System, on CreditWatch with negative implications. The 1985CD, 1992B, and 1995A ratings were placed on CreditWatch with negative implications due to the application of short-term rating criteria of Standard&Poor's in connection with the proposed substitution of the line of credit provided by SunTrust Bank ('A-1+') with a line of credit provided by Bank of America ('A-1+') on June 24, 2005. The 1997 rating was placed on CreditWatch with negative implications due to the application of the same criteria in connection
