Standard&Poor's Ratings Services affirmed its 'AA-/A-1+' rating on Rhode Island Health and Educational Building Authority's variable-rate hospital financing revenue refunding bonds, series 2003B and 2003C. The rating affirmation is based on the conversion of the bonds to a weekly rate mode on Nov. 15, 2007, from an initial rate mode. At that time the existing direct-pay LOCs for each series provided by RBS Citizens Bank ('AA-/A-1+') will be replaced by new LOCs for each series with coverage sufficient to cover the weekly rate mode. The new LOCs will provide payment for regularly scheduled principal and interest, as well as for unremarketed tendered bonds for 45 days at a maximum interest rate of 12%. The LOC will expire on
