CHICAGO (Standard&Poor's) Aug. 11, 2011--Standard&Poor's Ratings Services lowered its long-term rating to 'A' from 'A+' on the Richmond Hospital Authority, Ind.'s $98.84 million series 2009 fixed-rate bonds, issued on behalf of Reid Hospital. Standard&Poor's also lowered its underlying rating (SPUR) to 'A' from 'A+' on the authority's $83.89 million series 2005A variable-rate demand bonds, also issued for Reid Hospital. The outlook on both ratings is stable. The 'AA+' long-term rating on the series 2005A bonds is based on insurance from Assured Guaranty Municipal Corp. (AGM), while the 'A-1+' short-term component of the rating on the series 2005A bonds is based on a standby bond purchase agreement provided by JPMorgan Chase Bank N.A. that expires
