Standard&Poor's Ratings Services affirmed its 'A+' long-term rating and underlying rating (SPUR) on Louisiana Public Facilities Authority's bonds issued for Franciscan Missionaries of Our Lady Health System (FMOLHS), including the system's $125 million series 2009A, $80 million series 2005A, $50 million series 2005C, and $27.1 million 1998B bonds, and its 'A+' SPUR on FMOLHS' $57.6 million Assured Guaranty-insured series 1998A fixed-rate bonds. The outlook is stable. Standard&Poor's also affirmed its 'AAA/A-1+' long- and short-term ratings on the system's $96.7 million series 2005B and 2008A bonds, based on the low-correlation joint support provided by irrevocable direct-pay letters of credit (LOCs) from JP Morgan Chase Bank N.A. (AA-/A-1+). FMOLHS' series 2005D bonds are rated 'AA-/A-1+' based on the
