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Article: Johnson City TN Medical Center 1998A Bonds/1998B Notes Rated By Fitch IBCA - Fitch IBCA -
- Article from:
- PR Newswire
- Article date:
- August 31, 1998
CopyrightCOPYRIGHT 1998 PR Newswire Association LLC. 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, Aug. 31 /PRNewswire/ -- The Health and Educational Facilities Board of the City of Johnson City, TN's $249,400,000 adjustable tender acquisition bonds, series 1998A (Johnson City Medical Center Hospital), and $44,900,000 Johnson City Medical Center Hospital, Inc.'s taxable adjustable tender acquisition notes, series 1998B, are rated 'AAA/F1+' by Fitch IBCA. The long-term 'AAA' rating assigned to the series 1998A bonds and series 1998B notes is based on the support of financial guaranty insurance policies provided by MBIA Insurance Corp. Each policy insures scheduled payments of principal and interest, effective as of the date of issuance of the bonds and notes, ...