NEW YORK (Standard&Poor's CreditWire) Feb. 9, 1999 -– Standard&Poor's today affirmed its triple-'A' rating on New Jersey Health Care Facilities Financing Authority's FHA-insured mortgage bonds series 1994, issued for Irvington General Hospital. The rating reflects triple-'A'ýrated investments consisting of U.S. government obligations, and sufficiency of assets and income to meet debt service. The New Jersey Health Care Facilities Financing Authority will refund the 1994 series bonds through an escrow fund consisting of U.S. government obligations, which were purchased with proceeds of a 1998 bond issue. The securities will be held in escrow by the refunding trustee, First Union National Bank. The escrowed principal and interest earned will be used to call the 1994 series prior to
