NY -- Standard&Poor's CreditWire 10/27/98 -- Standard&Poor's today assigned its single-'A'-plus underlying rating (SPUR) to North Carolina Medical Care Commission's hospital revenue bonds series 1998A dated Nov. 1, 1998 due Nov. 1, 2013, issued for Cabarrus Memorial Hospital (Doing business as NorthEast Medical Center). The bonds are scheduled to sell Oct. 29, 1998, and are expected to receive a triple-'A' rating based on bond insurance. The rating reflects the medical center's: -- Role as the dominant provider in Cabarrus County, -- Favorable utilization data, -- Good financial performance, and -- Low debt. NorthEast Medical Center, a 342 staffed-bed hospital, benefits from a strategic location in the rapidly growing northeast quadrant of the Charlotte metropolitan area. The
