CHICAGO -- Moody's Investors Service last week upgraded the bond rating for Order of St. Francis Healthcare System in Peoria, Ill., to Al from A, citing the system's favorable financial performance and manageable debt position.

The rating action was taken in conjunction with the system's anticipated sale next week of $122.7 million of revenue bonds to advance refund 1986 bonds and to provide $60 million for future capital needs, according to Christine Ballantyne, an assistant vice president at Moody's. The refunding will provide about $60 million for future capital needs.

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