NEW YORK (Standard & Poor's CreditWire) Nov 22, 1999ùStandard & Poor's today assigned its triple-'B'-plus rating to Montgomery County Higher Education and Health Authority's $15.1 million revenue bonds series 1999 due July 15, 2029; issued for Foulkeways at Gwynedd. The bonds are scheduled to sell Nov 29, 1999. The outlook is stable. The rating reflects the demonstrated ability of strong management to: -- Maintain a long history of good occupancy and continue to show evidence of strong demand despite a competitive market; -- Set rates below market averages, yet still maintain solid profitability; and -- Build a healthy liquidity base that mitigates potential risks associated with the organization's commitment to provide residential and healthcare services for the life for all
