Thursday November 6, 12:48 pm ET NEW YORK--(BUSINESS WIRE)--Fitch assigns an 'AA-/F1+' rating to the City of Middletown, Ohio's $56,000,000 hospital facilities revenue bonds series 2008A and $55,000,000 series 2008B (Atrium Medical Center Obligated Group) (the bonds). The rating is based on the support provided by two irrevocable direct-pay letters of credit (LOCs) issued by JPMorgan Chase Bank, N.A. (the bank), each securing a respective series of the bonds. The bank is obligated to make payments of principal and interest on the bonds upon maturity, acceleration and redemption, as well as the purchase price for tendered bonds during the daily and weekly rate modes. The rating will expire upon the earliest of: Nov. 13, 2012, the stated expiration date of the LOC, unless such date is extended; any prior termination of the...
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