CHICAGO - ThedaCare Inc. and Marquette University - two Wisconsin-based tax-exempt borrowers that sought first-time ratings - joined the list of issuers with deals on hold this week due to the rise in long-term interest rates, although Marquette did move forward with its floating-rate tranches due to its cash needs.

The Wisconsin Health and Educational Facilities Authority is serving as the issuer for ThedaCare's $128 million new-money and refunding sale and Marquette's $110 million new-money and refunding issue. Both sought published credit ratings for the first time - a shift from their past practice of issuing their bonds without a rating but with triple-A rated coverage before the monoline insurers were downgraded.

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