(Editor's note: In the press release sent earlier today, the rating in the headline was misstated as double-'A'/'A-1'.) NY -- Standard&Poor's CreditWire 11/24/98 – Standard&Poor's today assigned its double-'A'/'A-1'-plus ratings to Illinois Development Finance Authority's variable rate demand revenue bonds series 1998 due Nov. 15, 2028, issued for St. George Corp. doing business as Palos Community Hospital. At the same time, Standard&Poor's affirmed its double-'A'/'A-1c'-plus ratings on the authority's variable rate demand bonds series 1994A, issued for St. George Corp. doing business as Palos Community Hospital. The long-term rating is based on: -- Excellent management; -- Strong service area economic, and demographic trends which contributes to growing patient volumes; and -- Very strong financial
