The rating on Connecticut Health&Educational Facilities Authority's bonds reflects: A $19.174 million mortgage on the Hebrew Home&Hospital Inc., endorsed by FHA for mortgage insurance under Section 232 of the National Housing Act; Coverage of all credit and liquidity shortfalls, including the 30-day lag in the receipt of mortgage loan payments, a 12-month debt service reserve, a one-month mortgage reserve, extraordinary trustee fees, a 1% assignment fee, and reinvestment risk; Sufficient investment earnings, mortgage revenues, and reserve funds to make required debt service payments under all default scenarios; and Quality of permitted investments under the indenture commensurate with the rating. Bond proceeds will refinance series 1987A bonds. The facility is a 334-bed nursing home located in West
