The 'A-' rating on Rhode Island Health and Educational Building Corp.'s revenue refunding bonds, Roger Williams Realty Corp. Issue, (FHA-insured mortgage) series 1999 remains on CreditWatch with negative implications. The rating was placed on CreditWatch with negative implications on Oct. 3, 2008, as a result of the transaction having had a guaranteed investment contract (GIC) with American International Group. Information supplied to Standard&Poor's Ratings Services subsequently indicated that the GIC was terminated. The issuer is currently reviewing the options available to it to maintain the rating on this transaction. USPF Criteria: "FHA Insured Mortgages," June 18, 2007 USPF Criteria: "?Review Of Investment Agreements For Municipal Revenue Bond Financings," June 26, 2007
