The ratings on Minnesota Agricultural and Economic Development Board and Edina, Minn.'s bonds, issued for Fairview Hospital and Healthcare Services (Fairview), are affirmed based on very strong patient utilization and sound financial performance through fiscal year-ending Dec. 31, 1997. Credit concerns include strong competition in the Twin-Cities market, a restrictive payor mix and possible issuance of additional debt early next year totaling $130 million, subject to revision. Debt issuance plans have not been finalized and fiscal 1998 results reported below are unaudited; Standard&Poor's will revisit the rating and outlook when debt issuance plans are finalized and 1998 audited results are available. Fairview, with the acquisition of the clinical care operations of the University of Minnesota Hospital and Clinic
