Fitch Ratings assigned an "F1+" short-term rating to the state of Oregon, Oregon Facilities Authority refunding revenue bonds for Vancouver, Wash.-based PeaceHealth and also revised the bonds' long-term rating to "AA-."
The long-term rating is based on the ratings assigned to U.S. Bank and TD Bank, which have provided irrevocable direct-pay letters of credit securing the system's bonds.
The outlook for the long-term ratings is stable.