Standard&Poor's Ratings Services lowered its ratings on Lee Memorial Health System Board of Directors, Fla.'s $194 million bonds series 1985CD, 1992B, 1995A, and 1997, issued on behalf of Lee Memorial Health System, to 'A+/A-1' from 'A+/A-1+'. The ratings on the series 1985CD, 1992B, and 1995A bonds were lowered due to the application of the rating criteria of Standard&Poor's in connection with the June 24, 2005, substitution of the line of credit provided by Bank of America ('A-1+'). The rating on the series 1997 bonds was lowered due to the application of the same criteria in connection with the extension of the expiration date of the existing line of credit provided by SunTrust Bank ('A-1+') to June
