The rating on Cuyahoga County, Ohio's adjustable-rate demand hospital facilities revenue bonds series 2000, issued on behalf of the Sisters of Charity of St. Augustine Health System Inc., is based on a direct-pay LOC provided by National City Bank (A+/A-1). The initial LOC is expected to expire on Nov. 27, 2001. Initially, the bonds bear interest at the weekly rate and may be converted to bear interest at the fixed rate to maturity. While bearing interest in the weekly rates, the bonds will be subject to optional tender upon the bondholder providing appropriate notice. The bonds are subject to mandatory tender for purchase upon the following: Expiration of the LOC, Conversion of the interest rate period, and Replacement or substitution
