NY -- Standard&Poor's CreditWire 8/28/98 – Standard&Poor's today assigned its triple-'B'-minus underlying rating (SPUR) to Hastings, Minn.'s revenue bonds series 1998 dated Sept. 1, 1998 due Sept. 15, 2028 issued for Regina Medical Center, Minn. The bonds are expected to receive a single-'A' rating based on bond insurance. The rating reflects the hospital and long-term care facility's adequate management, stable demand and adequate financial operating performance with moderate 44% pro forma debt to capitalization. Offsetting weaknesses include the small size of the medical staff, high patient outmigration to the Twin Cities for services, and a modest $5.4 million, or 94 days cash on hand for the latest audited fiscal year ending Sept. 30, 1997. Regina Medical
