Moody's affirms 'Aa1/VMIG 1' rating for Renown Health

Moody's Investors Service affirmed its 'Aa1/VMIG 1' ratings on Reno, Nev.-based Renown Health's outstanding revenue bonds.

The affirmation affects the system's Series 2008A and 2008B bonds, which are supported by a recently-issued substitute letter of credit from Wells Fargo Bank.

Renown will draw on the letter of credit to make timely payment of the principal and interest to the bondholder.

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