CHICAGO--(BUSINESS WIRE)-- Fitch Ratings confirms its underlying 'BBB+' rating on approximately $16.4 in outstanding Industrial Development Authority of the County of Yavapai Hospital revenue bonds (Yavapai Regional Medical Center) series 1997B, and the approximately $6.4 million in outstanding Arizona Health Facilities Authority hospital revenue bonds, series 2002. The Rating Outlook is Stable.

This rating action is being taken in connection with the conversion of mode to fixed rate from variable on the 1997B and 2002 variable-rate demand bonds, expected to be effective on or about Aug. 13, 2009.

The 1997B and 2002 bonds will continue to carry an insurance policy provided by Financial Security Assurance, Inc. (FSA), which currently has a Fitch Insurer Financial Strength rating of 'AA+' on Rating Watch Negative.

For more information on Yavapai Regional Medical Center, please see Fitch's report and rating commentary dated June 4, 2009 and May 29, 2009, respectively, and available on the Fitch web site at www.fitchratings.com.


The rating for the series 2002 bond was originally entered in Fitch's ratings database under the issuer Industrial Development Authority of the County of Yavapai. The bond is in fact issued by Arizona Health Facilities Authority. The issuer now appears correctly on Fitch's web site at www.fitchratings.com.

Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site.





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Source: Fitch Ratings