The rating on Connecticut Health and Educational Facilities Authority's bonds, issued on behalf of Hebrew Home and Hospital, reflects: * A debt service reserve (DSR) fully funded in accordance with its indenture requirements, * The strong credit quality of the mortgage note insured by FHA under Section 232 of the National Housing Act, * Investments held in an investment agreement with Citicorp ('A') and U.S. Treasury Notes ('AAA'), and * An asset-to-liability ratio of 107.76% as of December 1997. The DSR of $1.518 million is fully funded according to the indenture, but below current Standard&Poor's criteria level amounts needed to insure timely debt service payments for debenture pay issues. As of December 1997, total assets of $22.292 million
