Summary: Hospital Authority Of Richmond, Indiana Reid Hospital And Health Care Services Inc.

Standard&Poor's Ratings Services revised its rating to 'AAA/A-1+' from 'AAA' reflecting the addition of put/mandatory tender exposure as a result of the conversion of Hospital Authority of Richmond, Ind.'s $87.5 million series 2005B and 200C bonds, issued for Reid Hospital and Health Care Services Inc. (Reid) from auction-rate mode to variable-rate mode. The series 2005B and 2005C bonds will be in weekly mode. The 'AAA' long-term rating on the series 2005B and 2005C bonds is based on a municipal bond insurance policy provided by Financial Security Assurance, which is rated 'AAA'. The 'A-1+' short-term rating on the series 2005B and 2005C bonds is based on Reid Hospital's own self-liquidity. At the same time, Standard&Poor's affirmed its

...Standard & Poor's Ratings Services revised its rating to '###/A-1+' from '###' reflecting the addition of put/mandatory tender exposure as a result of the conversion of Hospital Authority of Richmond, Ind.'s $87.5 million series 2005B and 200C bonds, issued for Reid Hospital and Health Care Services Inc. (Reid) from auction-rate mode to variable-rate mode. The series 2005B and 2005C bonds will be in weekly mode. The '###' long-term rating on the series 2005B and 2005C bonds is based on a municipal bond insurance policy provided by Financial Security Assurance, which is rated '###'. The 'A-1+' short-term rating on the series 2005B and 2005C bonds is based on Reid Hospital's own self-liquidity. At the same time, Standard & Poor's affirmed its '##-' underlying rating on the series 2005B and 2005C bonds and its 2005A bonds all issued by the authority for Reid. Reid Healthcare has identified more than $167.82 million of fixed income and equity assets to guarantee the full and timely purchase...

Summary