NY -- Standard&Poor's CreditWire 6/24/98 -- Standard&Poor's today assigned its single-'A'-plus underlying rating (SPUR) to North Carolina Medical Care Commission's revenue bonds series 1998C issued for Catholic Health East, Pa. The bonds are expected to receive a triple-A' rating based on bond insurance. In addition, Standard&Poor's affirmed its single-'A'-plus SPUR on various issuers' outstanding debt, issued for Catholic Health East. Catholic Health East (CHE) was formed on Oct. 25, 1997 through a transfer of certain assets from Eastern Mercy Health System, Franciscan Sisters of Allegany Health Systems, and the Sisters of Providence Health System whose headquarters were located in Pennsylvania, Florida, and Massachusetts respectively. CHE's rating reflects: -- Excellent financial and geographic dispersion combined
