Standard&Poor's Ratings Services assigned its 'A+' Standard&Poor's underlying rating (SPUR), and stable outlook, to Louisiana Public Facilities Authority's series 2008A hospital revenue variable-rate demand bonds, issued for Franciscan Missionaries of Our Lady Health System (FMOLHS), a five-hospital system in Louisiana. Standard&Poor's also affirmed its 'A+' standard long-term rating and Standard&Poor's underlying rating (SPUR), with a stable outlook, on FMOLHS' series 2005A-2005D and series 1998A-1998C bonds. (Please see Standard&Poor's report dated May 8, 2008.) Liquidity and credit support for the series 2008A variable-rate demand bonds will be provided by a JP Morgan Chase irrevocable direct pay letter of credit (LOC). The bonds will partially refund series 1998A bonds outstanding and fully
