NY -- Standard&Poor's CreditWire 11/25/98 –- Standard&Poor's today raised its rating on New Jersey Health Care Facility Finance Authority's $43.40 revenue bonds series 1993A issued for Union Hospital&Mega Care, N.J. to single-'A'-minus from double-'B'-plus. In addition, Standard&Poor's lowered its rating on the authority's $104.46 refunding and revenue bonds series 1998 issued for Community Kimball Kensington Manor, N.J. to single-'A'-minus underlying rating (SPUR) from single-'A'-plus (SPUR). The outlook is stable. The rating actions reflect the formation of the St. Barnabas Health Care System obligated group. The system anticipates selling series 1998B and 1998C bonds (single-'A'-minus SPUR) in early December 1998. At that time, the outstanding bond issues for Community and Union will become
