CHICAGO: Fitch Ratings has upgraded the rating on the following outstanding revenue bonds, issued on behalf of Essentia Health:
–$6.3 million Minnesota Agricultural & Economic Development Board health care facilities revenue bonds series 1999A;
–$61.1 million Cass County health care facilities revenue bonds series 2008A-1 & A-2;
–$13 million Wisconsin Health & Educational Facilities Authority health care facilities revenue bonds series 2008B-1;
–$144.8 million Minnesota Agricultural & Economic Development Board health care facilities revenue bonds series 2008C4-A & 2008C-5
–$63.7 million Cass County health care facilities revenue bonds series 2008D; and
–$42.6 million Minnesota Agricultural & Economic Development Board health care facilities revenue bonds series 2008E.
The Rating Outlook is Stable.
Essentia has an additional $213 million in debt which Fitch does not rate, including $35.8 million in non-obligated group debt. The series 2008A, 2008B and 2008C bonds were reoffered as fixed rate in 2010…