Standard&Poor's Ratings Services affirmed its 'A+' standard long-term ratings on Louisiana Public Facilities Authority's $80 million series 2005A fixed-rate bonds and $100 million series 2005B and 2005C variable auction-rate securities. Standard&Poor's also affirmed its 'A+' underlying ratings (SPURs) on the authority's $363.4 million bonds, insured by MBIA Inc. and Financial Security Assurance Inc. (FSA). All series were issued on behalf of Franciscan Missionaries of Our Lady Health System Inc. (FMOLHS), the obligor, a five-hospital system in Louisiana. The $50 million series 2005B and $50 million series 2005C bonds will be converted to variable-rate demand obligations backed by direct pay letters of credit provided by JP Morgan Chase&Co. ('AA-') and Allied Irish Banks PLC ('AA-')
