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Fitch Rates Catholic Health Initiatives (Colorado) 2008 Bonds 'AA'; Outlook Stable
(PR-inside.com) - Fitch Ratings has assigned an 'AA' rating to bonds to be issued on behalf of Catholic Health Initiatives (CHI) by various issuers in Colorado, Tennessee, Ohio and Washington. The total bond size is expected to be between $300 million and $470 million. Fitch has also affirmed the 'AA' rating on $2.2 billion of CHI's outstanding debt and the 'F1+' rating on approximately $696 million outstanding variable-rate demand bonds (based on CHI's internal liquidity). The Rating Outlook is Stable. Bond proceeds will be used to finance certain capital improvements and equipment acquisitions at the facilities owned or operated by ..
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