NEW YORK (Standard&Poor's CreditWire) March 17, 1999--Standard&Poor's today assigned its triple-'B' rating to New Jersey Health Care Facilities Financing Authority's $82.56 million revenue bonds series 1999, issued for Trinitas Hospital, N.J.. The bonds are scheduled to sell April 1, 1999. Standard&Poor's also affirmed its triple-'B' rating on the authority's $60 million revenue bonds (St. Elizabeth Hospital) series 1997 and $80.8 million revenue bonds (Elizabeth General Medical Center ) series 1990. The rating assigned to bonds issued for Trinitas Hospital, formed through the pending merger of St. Elizabeth Hospital and Elizabeth General Medical Center (both rated triple 'B'), reflects the necessity of the merger to achieve cost savings and strengthen market position and leverage with
