Standard&Poor's Ratings Services affirmed its 'A+' long-term rating on the Louisiana Public Facilities Authority's series 2009A, 2005A, 2005C, and 1998B fixed-rate bonds issued for Franciscan Missionaries of Our Lady Health System (FMOLHS). At the same time Standard&Poor's affirmed its 'A+' underlying (SPUR) rating on the authority's Assured Guaranty-insured series 1998A fixed-rate bonds also 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 FMOLHS': Solid business position, with geographically
