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Article: Fitch Downgrades the Monroe Clinic's Wisconsin Revs to 'A-'; Outlook Stable.
- Article from:
- Investment Weekly News
- Article date:
- November 14, 2009
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Fitch Ratings has assigned its 'A-' rating to the approximately $65 million Redevelopment Authority of the City of Monroe, Wisconsin, development revenue bonds, series 2009 (The Monroe Clinic, Inc.). In addition, Fitch has downgraded to 'A-' from 'A' the rating on the $20.9 million outstanding Wisconsin Health and Educational Facilities Authority's revenue bonds, series 1999 (The Monroe Clinic, Inc.). The Rating Outlook is Stable.
The series 2009 bonds are expected to be issued as traditional fixed-rate bonds. Bond proceeds, along with a $31 million equity contribution and interest earnings, will be used for a new patient tower on the Monroe Clinic's (The Clinic) ...