Standard&Poor's Ratings Services revised its rating outlook on Louisiana Public Facilities Authority's debt issued for Franciscan Missionaries Of Our Lady Health System Inc. (FMOLHS), to negative from stable. Standard&Poor's based its outlook revision on the hospital system's more constrained balance sheet due to the proposed incremental debt, unrealized investment losses, and FMOLHS's slightly weaker operating performance for the nine-months, year to date ended March 31. At the same time, Standard&Poor's assigned its 'A+' long-term rating to the authority's $150 million series 2009 fixed-rate bonds issued for FMOLHS, a four-hospital system in Louisiana. FMOLHS is issuing the series 2009 bonds to fund the construction of a replacement hospital for Our Lady of Lourdes (Lourdes) facility
