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Related Issuers
California Infrastructure & Economic Development Bank, CA, Revenue Bonds (California Academy of Sciences Project), Series 200
California Statewide Communities Development Authority, CA, Variable Rate Revenue Bonds (Rady Childrens Hospital, CA Project
Castle Pines North Metropolitan District, CO, Limited Tax General Obligation Variable Rate Refunding Bonds, Series 2006C, $11MM
Chicago Board of Education, IL, Unlimited Tax General Obligation Refunding Bonds, Series 2009B & Series 2009C, $95.675MM
Clackamas County Hospital Facility Authority, OR, Revenue Bonds (Legacy Health System Project), Series 2008A through Series 2008C, $150MM
Cleveland (City of) OH, Airport System Revenue Bonds, Series 2009A (AMT) & Series 2009B (Taxable) $39.380MM
Cleveland (City of), OH, Airport System Revenue Bonds, Series 2008A, 2008B, 2008C, 2008D, 2008E, 2008F, 2008G, 2008H
Colorado Health Facilities Authority, Revenue Bonds, (Exempla, Inc. Project), Series 2009A, $33MM
Colorado Health Facilities Authority, Variable Rate Demand Health Facilities Revenue Bonds (Evangelical Lutheran Good Samarit
Colorado Health Facilities Authority, Variable Rate Demand Health Facilities Revenue Refunding Bonds (Evangelical Lutheran Good Samaritan Society (The), MN, Project) Series 2008, $28MM
Colorado Health Facilities Authority, Variable Rate Revenue Bonds, (Exempla, Inc. Project), Series 2002B, $35MM
Columbia (City of) SC, Waterworks and Sewer System Revenue Bonds, Series 2009, $105MM
Economic Development Authority of Hanover County Revenue Refunding Bonds, Series 2008 D-1 & D-2 (Bon Secours Health System, Inc.), $124.55
Franklin (County of) Ohio, Hospital Facilities Refunding Revenue Bonds, (OhioHealth Project), Series 2003-D, $27.755MM
Hospital Authority No. 1 of Lancaster County, Nebraska, Variable Rate Demand Hospital Revenue Refunding Bonds (BryanLGH Medic
Hospital Authority No. 1 of Saline County, Nebraska, Variable Rate Demand Hospital Revenue Refunding Bonds (BryanLGH Medical
Hospital Authority No. 2 of Douglas County, NE, Health Facilities Revenue Refunding Bonds (Children's Hospital Obligated Group), Series 2008A, $34.87MM
Industrial Development Authority of the City of St. Louis, MO, Variable Rate Demand Cultural Facilities Revenue Bonds (Saint Louis Art Museum Project) Series 2009B, $25MM
Los Angeles County Metropolitan Transportation Authority, CA, Proposition C Sales Tax Revenue Refunding Bonds Second Senior Bonds 2009-C1, C-2, C-3 and C-4
Lower Merion School District (Montgomery CO.), PA, General Obligation Bonds, Capital Project Series 2009A & Series 2009B, $102.325MM
Michigan State Hospital Finance Authority, Hospital Revenue Bonds (Henry Ford Health System Project), Series 2007, $165.735MM
Minnesota Higher Education Facilities Authority, Variable Rate Demand Revenue Bonds, (University of St. Thomas Project), Series Five-Z, $20MM
Missouri State Health & Educational Facilities Authority, Variable Rate Demand Educational Facilities Revenue Bonds (St. Louis Priory School Project) Series 2009 $10MM
New York (City of), General Obligation Bonds, Fiscal 2008 Series L, Subseries L-4, $100MM
New York City Trust for Cultural Resources, Revenue Bonds (Lincoln Center for the Performing Arts, Inc. Project), Series 2008
Oregon Health & Science University, Variable Rate Demand Revenue Refunding Bonds, Series 2009B1 & B2 $80MM
Pinellas County Health Facilities Authority, FL, Health System Revenue Bonds (BayCare Health System Project), Series 2009A-1, 2009A-2 & 2009A-3, $200MM
Sacramento County Sanitation Districts Financing Authority Subordinate Lien Variable Rate Refunding Revenue Bonds (Sacramento
South Dakota Health & Educational Facilities Authority, Variable Rate Demand Revenue Bonds (Sioux Valley Hospitals & Health System Project), Series 2001C, $30MM
South Dakota Health and Educational Facilities Authority, Variable Rate Demand Revenue Bonds (Regional Health Project), Serie
South Dakota Health and Educational Facilities Authority, Variable Rate Demand Revenue Bonds, (Sioux Valley Hospitals and Health Systems Project), Series 2004-B, $18MM
St. Joseph Industrial Development Authority, MO, Variable Rate Demand Health Facilities Revenue Bonds (Heartland Regional Medical Center Project), Series 2009A, $70MM
University of Wisconsin Hospitals & Clinics Authority, WI, Variable Rate Demand Revenue Refunding Bonds, Series 2008B, $61MM
University of Wisconsin Hospitals & Clinics Authority, WI, Variable Rate Demand Revenue Refunding Bonds, Series 2009A, $57.07MM
University of Wisconsin Hospitals & Clinics Authority, WI, Variable Rate Demand Revenue Refunding Bonds, Series 2009B, $59.345MM
Washington Health Care Facilities Authority, Variable Rate Revenue Bonds, (Swedish Health Services Project), Series 2009B and Series 2009C
West Virginia Economic Development Authority, Solid Waste Disposal Facilities Revenue Bonds (Appalachian Power Company - AMOS Project), Series 2009A & Series 2009B, $104.375MM
Wisconsin Health & Educational Facilities Authority Variable Demand Revenue Bonds (Wheaton Franciscan Services, Inc. System), Series 2003B, $75MM
Wisconsin Health & Educational Facilities Authority, Variable Rate Revenue Bonds (Aurora Health Care, Inc., WI Project), Series 2008A & Series 2008B, $160MM
Wisconsin Health and Educational Facilities Authority, Variable Rate Demand Revenue Refunding Bonds (Medical College of Wisco
Announcement:

CORRECTION TO TEXT, JULY 28, 2010 RELEASE: Moody's has placed on Watchlist for possible downgrade the ratings of the U.S. Bank National Association-backed letter of credit-backed transactions that utilize the joint support methodology

27 Sep 2010

New York, September 27, 2010 -- SUMMARY OF CORRECTION

Revised list of affected transactions listed below. Michigan State Hospital Finance Authority Revenue Bonds Ser. 2007 has been removed from the original list. This transaction was not supported by a U.S. Bank National Association- backed letter of credit. Revised release below.

OPINION

As a result of Moody's recent rating action which placed the long-term and short-term other senior obligation ratings of U.S. Bank National Association on Watchlist for possible downgrade, Moody's has placed on Watchlist for possible downgrade the ratings of the U.S. Bank National Association-backed letter of credit-backed transactions that utilize the joint support methodology. Please see the list of affected transactions below.

The long-term rating on these transactions reflects Moody's approach to rating jointly supported transactions and takes into account (i) the long-term other senior obligation (OSO) rating of U.S. Bank National Association (the Bank) as letter of credit provider, (ii) the underlying rating assigned to the borrower, (iii) the structure and legal protections of the transaction, which ensures timely debt service payments to investors; and (iv) the default correlation/dependence between the letter of credit provider and the borrower. The short-term rating of the Bonds is based solely upon the short-term OSO rating of the Bank as provider of the LOC.

WHAT COULD CHANGE THE RATING--UP

Long-term: The long-term rating on the bonds could be raised if the long term other senior obligation (OSO) rating on the Bank or the long-term rating of the underlying security was upgraded, or if there is a decrease in the default correlation/dependence level between the Bank and borrower (N/A for Aaa rated transactions)

Short-term: The short-term rating on the bonds would be raised if the short-term other senior obligation (OSO) rating on the Bank was upgraded (N/A for VMIG 1)

WHAT COULD CHANGE THE RATING--DOWN

Long-Term: The long-term rating on the bonds could be lowered if the long term other senior obligation (OSO) rating on the Bank or the long-term rating of the underlying security was downgraded, or if there is an increase in the default correlation/dependence level between the Bank and borrower.

Short-term: The short-term rating on the bonds would be lowered if the short-term other senior obligation (OSO) rating on the Bank was downgraded.

Issuer Name Debt Type Series

California Infrastruc. & Econ. Dev. Bank, CA Revenue Bonds Ser. 2008A

California Statewide Communities Dev. Auth. Var. Rt. Rev. Bonds Ser. 2008A

Castle Pines North Metropolitan District, CO General Obligation Bonds Ser. 2006C

Chicago Board of Education, IL General Obligation Bonds Ser. 2009B

Chicago Board of Education, IL General Obligation Bonds Ser. 2009C

Clackamas County Hospital Facility Auth., OR Revenue Bonds Ser. 2008A

Clackamas County Hospital Facility Auth., OR Revenue Bonds Ser. 2008B

Clackamas County Hospital Facility Auth., OR Revenue Bonds Ser. 2008C

Cleveland (City of) OH Revenue Bonds Ser. 2008D

Cleveland (City of) OH Revenue Bonds Ser. 2008H (Taxable)

Cleveland (City of) OH Revenue Bonds Ser. 2009A (AMT)

Cleveland (City of) OH Revenue Bonds Ser. 2009B (Taxable)

Colorado Health Facilities Authority Var. Rt. Rev. Bonds Ser. 2002-B

Colorado Health Facilities Authority Var. Rt. Demand Revenue Bonds Ser. 2007

Colorado Health Facilities Authority Var Rt Health Facility Rev Bonds Ser. 2008

Colorado Health Facilities Authority Revenue Bonds Ser. 2009A

Columbia (City of) SC Revenue Bonds Ser. 2009

Franklin (County of) OH Revenue Bonds Ser. 2003

Hanover County Econ. Dev. Auth., VA Revenue Refunding Bonds Ser. 2008D-2

Hospital Authority No. 1 of Lancaster Co., NE Var Rt Hosp Rev Bonds Ser. 2008B-1

Hospital Authority No. 1 of Lancaster Co., NE Var Rt Hosp Rev Bonds Ser. 2008B-2

Hospital Authority No. 1 of Saline County, NE Var. Rt. Demand Revenue Bonds Ser. 2008C

Hospital Authority No. 2 of Douglas Cnty., NE Revenue Refunding Bonds Ser. 2008A

Los Angeles County Metro. Transp. Auth., CA Revenue Refunding Bonds Ser. 2009-C2

Los Angeles County Metro. Transp. Auth., CA Revenue Refunding Bonds Ser. 2009-C4

Lower Merion School District (Mntg. Co.) PA General Obligation Bonds Ser. 2009B Cap. Proj.

Minnesota Higher Education Facilities Auth. Var. Rt. Demand Revenue Bonds Ser. Five-Z

Missouri State Hlth & Educational Facs. Auth. Var. Rt. Demand Revenue Bonds Ser. 2009

New York (City of) NY General Obligation Bonds Fisc. 2008 Ser. L, Subser. L-4

New York City Trust for Cultural Res., NY Revenue Bonds Ser. 2008B-1

Oregon Health and Science University Var. Rt. Demand Revenue Bonds Ser. 2009B-1

Oregon Health and Science University Var. Rt. Demand Revenue Bonds Ser. 2009B2

Pinellas County Health Facilities Auth., FL Revenue Bonds Ser. 2009A-1

Sacramento County Sanitation Dist. Fin. Auth. Ser. 2008E

South Dakota Health & Education Facs. Auth. Var. Rt. Demand Revenue Bonds Ser. 2004-B

South Dakota Health & Education Facs. Auth. Var. Rt. Demand Revenue Bonds Ser. 2001C

South Dakota Health & Education Facs. Auth. Var. Rt. Demand Revenue Bonds Ser. 2008

St. Joseph Industrial Development Auth., MO Var. Rt. Demand Revenue Bonds Ser. 2009A

St. Louis Industrial Development Auth., MO Var. Rt. Demand Revenue Bonds Ser. 2009B

University of Wisconsin Hosp. & Clinics Auth. Var. Rt. Demand Revenue Bonds Ser. 2008B

University of Wisconsin Hosp. & Clinics Auth. Var. Rt. Demand Revenue Bonds Ser. 2009A

University of Wisconsin Hosp. & Clinics Auth. Revenue Refunding Bonds Ser. 2009B

Washington Health Care Facilities Auth Var. Rt. Rev. Bonds Ser. 2009B

Washington Health Care Facilities Auth Var. Rt. Rev. Bonds Ser. 2009C

West Virginia Economic Development Authority Solid Waste Disposal Rev Bonds Ser. 2009B

Wisconsin Health & Educational Fac. Auth. Var. Rt. Demand Revenue Bonds Ser. 2003B

Wisconsin Health & Educational Fac. Auth. Var. Rt. Demand Revenue Bonds Ser. 2008B

Wisconsin Health & Educational Fac. Auth. Var. Rt. Rev. Bonds Ser. 2008A

Wisconsin Health & Educational Fac. Auth. Var. Rt. Rev. Bonds Ser. 2008B

Please see ratings tab on the issuer/entity page on Moodys.com for the last rating action and the rating history.

The principal methodology used in rating this issue was Moody's Rating Methodology for applying the Joint Support Methodology to Rating Letter of Credit-Supported Bonds published in August 2005 and available on www.moodys.com in the Rating Methodologies sub-directory under the Research & Ratings tab. Other methodologies and factors that may have been considered in the process of rating this issue can also be found in the Rating Methodologies sub-directory on Moody's website.

New York
Randy Matlosz
Associate Analyst
Structured Finance Group
Moody's Investors Service
JOURNALISTS: 212-553-0376
SUBSCRIBERS: 212-553-1653

New York
Marie Formisano
Asst Vice President - Analyst
Structured Finance Group
Moody's Investors Service
JOURNALISTS: 212-553-0376
SUBSCRIBERS: 212-553-1653

Moody's Investors Service
250 Greenwich Street
New York, NY 10007
USA

CORRECTION TO TEXT, JULY 28, 2010 RELEASE: Moody's has placed on Watchlist for possible downgrade the ratings of the U.S. Bank National Association-backed letter of credit-backed transactions that utilize the joint support methodology
No Related Data.
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