TEXT-S&P: FASB change effects on U.S. non-profit health care ratios

(The following statement was released by the rating agency)

Oct 10 - Standard & Poor's Ratings Services said today in a new report thata new Financial Accounting Standards Board rule will change some U.S.Not-For-Profit Health Care Medians, it will not affect Standard & Poor's view ofthe various obligors it rates.

The report, "How U.S. Not-For-Profit Health Providers' Financial Ratios WillChange Under The New Bad Debt Accounting Rules," includes pre- and post-rulecomparisons of various ratios Standard & Poor's considers in the ratingprocess.

While not all obligors we rate will have the same variance in new, we don'texpect this accounting rule change in and of itself to affect ratings.

The report is available to subscribers of RatingsDirect on the Global CreditPortal at

. If you are not a RatingsDirectsubscriber, you may purchase a copy of the report by calling (1) 212-438-7280or sending an e-mail to research_request@standardandpoors.com. Ratingsinformation can also be found on Standard & Poor's public Web site by usingthe Ratings search box located in the left column at

.(New York Ratings Team)

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