Fitch Ratings
Fitch Rates Massachusetts HEFA VRDBs, South Shore Hosp Issue, Ser G (2008) 'AAA/F1+'
Published in Physician Business Week, March 11th, 2008
Fitch Ratings has assigned a rating of 'AAA/F1+' to the $94,585,000 Massachusetts Health and Educational Facilities Authority (HEFA) variable rate demand revenue bonds, South Shore Hospital Issue, series G (2008) (the bonds). The long-term 'AAA' rating is based on the support of a financial guaranty insurance policy provided by Assured Guaranty Corp. which insures scheduled payments of principal and interest on the bonds. The insurance policy for the bonds is effective on the date of issuance of the bonds and extends to July 1, 2032, the maturity date of the bonds.
The short-term 'F1+' rating on the bonds is based on the liquidity support of a Standby Bond Purchase...
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