Standard & Poor's Ratings Services has raised its long-term rating to 'BBB-' from 'BB+' on various bonds issued by Washington County Housing & Redevelopment Authority, Minn. and St. Paul Housing & Redevelopment Authority, Minn. for HealthEast Care System. At the same time, Standard & Poor's raised its long-term rating to 'BB+' from 'BB' on St. Paul Port Authority, Minn. series 2005-3A lease bonds, issued for HealthEast.

"We raised the ratings to reflect our favorable view of HealthEast's stable patient utilization and leading market share and steadily improving financial performance, liquidity, and debt leverage," said Standard & Poor's credit analyst Ken Rodgers. "At the same time, the system has demonstrated restraint in new debt issuance and has recently moderated its capital spending," said Mr. Rodgers.

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