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Fitch Rates King's Daughters Medical Center (KY) $75MM Series 2010B Revs 'A+'; Outlook Stable

The Rating Outlook is Stable.

The series 2010B bonds are expected to be structured as uninsured, fixed-rate bonds. Proceeds will be used to refund KDMC's 1998 fixed-rate bonds. Separately, Fitch expects KDMC to defease its 2003A bonds. The series 2010B bonds are expected to price the week of March 15th through negotiated sale, along with the 2010A hospital revenue bonds, which Fitch rated in late January 2010.

For more detail on KDMC, see Fitch's new issue report, King's Daughters Medical Center (Kentucky Economic Development Finance Authority) - rev improv bonds ser 2010, from Feb. 12, 2010, which is posted on Fitch's website at www.fitchratings.com.

Applicable criteria available on Fitch's website at www.fitchratings.com:

--'Nonprofit Hospitals and Health Systems Rating Criteria', dated Dec. 29, 2009.

--'Revenue-Supported Rating Criteria', dated Dec. 29, 2009.

Additional information is available at www.fitchratings.com.

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