NY -- Standard&Poor's CreditWire 11/12/98 –- Standard&Poor's assigned its double-'A'/'A-1'-plus rating to North Carolina Medical Care Commission's $15 million hospital variable rate revenue bonds series 1998 issued for Moses H. Cone Memorial Hospital, N.C. In addition, Standard&Poor's affirmed its double-'A'/'A-1'-plus on the medical care commission's outstanding bonds series 1993 and variable rate demand revenue bonds series 1995. The ratings reflect the long-term credit strength of Moses H. Cone Memorial Hospital's obligated group and the short-term ratings are based on three individual standby bond purchase agreements issued by Wachovia Bank of North Carolina N.A. The standby agreement covers the purchased price bonds which are tendered but not remarketed. Moses H. Cone Memorial Hospital's rating reflects
