Fitch Ratings has placed two sets of BB-plus rated bonds issued by the New York City Industrial Development Agency on behalf of Staten Island University Hospital on positive rating watch.

Affected are $15.6 million of Series 2002C revenue bonds and $28.9 million of Series 2001A and 2001B revenue bonds.

Fitch said the move reflects the expected refunding or cash defeasance of the bonds from the proceeds of an upcoming debt issuance by the North Shore Long Island Jewish obligated group, which Fitch in January rated A-minus with a stable outlook.

The Staten Island hospital is part of the North Shore-LIJ Health System.

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