Fitch Ratings

Fitch Rates St. Tammany Parish Hosp. Service Dist. #2, LA GOs 'A+'; Upgrades Outstanding GOs

Published in State and Local Health Law Weekly, June 4th, 2009

Fitch Ratings assigns its 'A+' rating to the St. Tammany Parish Hospital Service District No. 2, Louisiana (the district) $17.5 million general obligation (GO) bonds, series 2009. Fitch also upgrades to 'A+' from 'A-' its rating on the district's $18.7 million in outstanding GO debt. The series 2009 bonds are scheduled for a competitive sale on May 21st. The Rating Outlook is Stable.

The bonds are secured by an unlimited ad valorem tax levied against all taxable property within the district. Series 2009 proceeds will finance the construction of a new cancer treatment facility.

Fitch upgrades the rating on the district's GO bonds in response to...

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Source: State and Local Health Law Weekly (2009-06-04)

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