NY -- Standard&Poor's CreditWire 9/17/98 – Standard&Poor's today assigned its double-'A' rating to North Carolina Medical Care Commission's $60 million revenue bonds series 1998B dated Oct. 1, 1998 due Oct. 1, 2028 issued for Novant Health Inc. The bonds are scheduled to sell Sept. 30, 1998. At the same time, Standard&Poor's affirmed its double-'A' rating on the commission's outstanding revenue bonds, also issued for Novant and its affiliates (see list below). The double-'A' ratings reflect: -- The health system's strong regional market presence, -- A diversified portfolio of health-related businesses, -- Management's strategic initiatives to capitalize on growing markets, and -- Strong finances in spite of recent soft operating performance during a period of
