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Article: Fitch Affirms New York City Health & Hospitals Corp. Ratings at 'BBB+'.
- Article from:
- Business Wire
- Article date:
- August 3, 2004
CopyrightCOPYRIGHT 2004 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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NEW YORK -- Fitch Ratings affirms its 'BBB+' rating on approximately $1.05 billion New York City Health and Hospitals Corporation outstanding bonds listed below. The Rating Outlook is Stable.
The rating and outlook continue to reflect New York City's relationship with the Health and Hospitals Corporation (HHC) and the City's continued indirect and direct support. HHC's rating will continue to be correlated with New York City's rating, which is currently rated 'A+' with a Stable Rating Outlook. However, Fitch notes the inherent risks of operating a public hospital system that serves as an essential provider of care to the uninsured and the political nature of the ...