Standard&Poor's Ratings Services assigned its 'A' long-term rating to St. Charles Parish Hospital Service District No. 1, La.'s series 2012A general obligation (GO) and 2012B taxable (GO) bonds. In addition, Standard&Poor's affirmed its 'A' long-term rating and underlying rating on the district's previously issued GO bonds. The outlook on all ratings is stable. The rating is based on our opinion of the establishment of a deposit trust agreement (DTA) whereby collections of revenue from the unlimited ad valorem property tax securing the bonds will flow directly from the tax collector to a trustee for the exclusive benefit of bondholders. Standard&Poor's received a legal opinion that the creation of the DTA effectively transfers the property
