NEW YORK--(BUSINESS WIRE)--Fitch Ratings has assigned an 'F1+' short-term rating to the following variable rate demand bonds (VRDBs) supported by the self-liquidity of Catholic Health Initiatives (CHI) and issued by the Kentucky Economic Development Finance Authority on behalf of CHI:
--$52,720,000 series 2011B-1 windows VRDBs;
--$52,720,000 series
2011B-2 windows VRDBs;
--$52,715,000 series 2011B-3 windows VRDBs.
The long term rating is 'A+'.
For additional information, please refer to Fitch's press release titled 'Fitch Rates Catholic Health Initiatives (CO) 2013 Rev Bonds 'A1/F1+'; Downgrades Outstanding Bonds' which is available at www.fitchratings.com.
Additional information is available at www.fitchratings.com.
Applicable Criteria and Related Research:
--'Revenue Supported
Rating Criteria' (June 3, 2013);
--'Non-Profit Hospital and Health
System Rating Criteria' (May 20, 2013);
--'Criteria for Assigning
Short-Term Ratings Based on Internal Liquidity' (June 13, 2013).
Applicable Criteria and Related Research:
Revenue-Supported Rating
Criteria
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=709499
Criteria
for Assigning Short-Term Ratings Based on Internal Liquidity
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=708640
Additional Disclosure
Solicitation Status
http://www.fitchratings.com/gws/en/disclosure/solicitation?pr_id=804824
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