Effective July 1, Fitch Ratings will assign an "A/F1" rating to the Illinois Finance Authority variable rate demand revenue bonds (Little Company of Mary Hospital and Health Care Centers), consisting of approximately $54.2 million of series 2008A bonds and $54.2 million of series 2008B bonds.
The rating will be based on a number of factors, including the support provided by irrevocable direct-pay letters of credit by Barclays Bank PLC.
The rating outlook is stable.