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Article: Catholic Healthcare West Earns Bond Rating Upgrade from Moody's; Bond Outlook Upgrade from Standard and Poors.
- Article from:
- Business Wire
- Article date:
- October 16, 2003
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Copyright informationCOPYRIGHT 2003 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors/Health/Medical Writers
SAN FRANCISCO--(BUSINESS WIRE)--Oct. 16, 2003
Not-for-Profit Hospital System Posts Dramatic Financial Improvement
while Increasing Patient and Employee Satisfaction Scores
Catholic Healthcare West (CHW), the largest Catholic hospital system in the western United States and the largest not-for-profit system in California, announced today that Moody's Investors Service has upgraded the organization's bond rating to Baa1 from Baa2.
CHW also announced today that Standard & Poors has revised its outlook on CHW's bond from stable to positive.
The rating upgrade and outlook revision apply to approximately $2.2 billion ...