Standard&Poor's Ratings Services assigned its 'BBB' underlying rating (SPUR) to the outstanding Colorado Health Facilities Authority's $42.1 million 2003 series A and B revenue bonds and the $30 million 2006 series A and B revenue bonds and its 'BBB' long-term rating to the upcoming $45 million series 2007 revenue bonds, all issued for Valley View Hospital Association (VVHA) . VVHA benefits from years of superior operating performance, solid market share, and a very attractive hospital reflecting years of continued investment. The rating reflects: Years of robust operating, excess, and EBIDA margins; Excellent payor mix with growing commercial revenues as well as good self-pay revenues and low levels of Medicaid; and A focused health care strategy with a dominant
