Standard&Poor's Ratings Services confirmed its 'AA+/A-1+' rating on Connecticut Health and Educational Facilities Authority's (Saint Joseph's College of Maine) series B variable-rate revenue bonds, due to the bank facility being extended to April 3, 2014. The long-term rating component is based jointly on the rating on the obligor, Saint Joseph's College of Maine, and the rating on the letter of credit provider, Sovereign Bank N.A. (assuming high correlation). The short-term rating component is based solely on the rating on the letter of credit provider, Sovereign Bank N.A. Criteria: Methodology And Assumptions: Approach To Evaluating Letter Of Credit-Supported Debt, July 6, 2009 USPF Criteria: Municipal Applications For Joint Support Criteria, June 25, 2007 Criteria: Joint Support Criteria Update, April
