The rating on Allegheny County Hospital Development Authority, Pa.'s bonds, issued for St. Francis General Hospital of Pittsburgh, reflects: The credit quality of the mortgage loan collateral; An asset-to-liability position of 127.40% as of March 1, 2001; Investments held in 'AAA' eligible U.S. Treasury Bills maturing before each interest payment date; and A debt service reserve fully funded to cover debt service during the assignment process in the event of a mortgage note default. The bonds were issued to finance the purchase and renovate a 148-bed nursing facility located in the Highland Park area of Pittsburgh. The bonds are secured by a mortgage loan that is insured by FHA under section 232 of the National Housing Act. Accordingly, should the
