Standard&Poor's Ratings Services affirmed its 'AA-' underlying rating (SPUR) on Hospital Authority of Richmond, Ind.'s series 2005A weekly variable-rate demand obligation bonds and the authority's series 2005B-C seven-day auction-rate securities (ARS), issued for Reid Hospital and Health Care Services, Ind. The outlook is stable. The rating reflects Reid's: Strong regional business position as the only hospital in Wayne County, Ind., with more than an 80% market share in the primary service area and an increasing focus on tertiary services for the region, although volumes have softened in recent years; Strong unrestricted liquidity of $317.6 million as of Dec. 31, 2007, stable with the previous year, due to increased capital expenditures in fiscal 2007, and equal to a strong
