Article: Catholic Healthcare West Earns Bond Rating Upgrade from Moody's; Bond Outlook Upgrade from Standard and Poors.

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 ...

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