Standard&Poor's Ratings Services assigned its 'BBB' long-term rating to the $48 million series 2008A revenue bonds issued by the Colorado Health Facilities Authority for the Valley View Hospital Association (VVHA). Standard&Poor's also affirmed its 'BBB' underlying rating (SPUR) on the authority's $16.1 million series 2003A and $10 million series 2006A revenue bonds, and its 'BBB' long-term rating on the $45 million series 2007 revenue bonds, all issued for VVHA. VVHA benefits from years of strong operating performance, solid market share, and a very attractive hospital reflecting years of continued investment. The rating reflects: Six years of robust operating, excess, and EBIDA margins; Excellent payor mix, with growing commercial revenues, good self-pay revenues, and low levels of
