The rating on Allegheny County Hospital Development Authority, Pa.'s bonds, issued for St. Francis General Hospital of Pittsburgh, reflects: * Quality of the mortgage loan collateral, * Sufficiency of reserves to cover any potential shortfalls, * Sufficiency of assets and revenues to pay debt service and expenses, and * Quality of investments. The bonds were issued to finance the purchase, and to renovate a 148-bed nursing facility located in the Highland Park area of Pittsburgh. The mortgage loan is insured by FHA under section 232 of the National Housing Act. Accordingly, should the mortgagor default under obligations under the mortgage note, the trustee will be entitled to file mortgage insurance benefits. In order to preserve timely debt service to bondholders,
