—DALLAS  Ratings analysts are awaiting details on the debt structure of the combined St. Luke's Episcopal Health System of Texas and Colorado-based Catholic Health Initiatives before issuing an opinion on the $2 billion deal.

"No decisions have yet been announced about whether there will be changes to the debt security structure of St. Luke's or CHI as a result of the merger," said Standard & Poor's analyst Liz Sweeney. "Our rating on St. Luke's will likely depend on whether there will be changes to the security pledge once St. Luke's becomes part of CHI."

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