Standard&Poor's Ratings Services confirmed its 'AAA/A-1+' rating on Louisiana Public Facilities Authority's (CHRISTUS Health) series 2009B-1, 2009B-2, and 2009B-3 hospital variable-rate demand obligation bonds, due to the bank facility being extended to July 31, 2018. The long-term component of the rating is based jointly (assuming low correlation) on the ratings on the obligor, CHRISTUS Health, and the letter of credit provider, Bank of New York Mellon. The short-term component of the rating is based solely on the rating on Bank of New York Mellon. USPF Criteria: Municipal Applications For Joint Support Criteria, June 25, 2007 Criteria: Joint Support Criteria Update, April 22, 2009 Criteria: Methodology And Assumptions: Approach To Evaluating Letter Of Credit-Supported Debt, July 6, 2009
