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Article: Fitch Rts Johns Hopkins Health Sys, MD, $102MM 2001 Bonds `AA-'.
- Article from:
- Business Wire
- Article date:
- August 2, 2001
CopyrightCOPYRIGHT 2001 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
NEW YORK--(BUSINESS WIRE)--Aug. 2, 2001
Fitch has assigned an `AA-` rating to the approximately $102 million Maryland Health and Higher Educational Facilities Authority revenue bonds, The Johns Hopkins Hospital Issue, series 2001.
In addition, Johns Hopkins Health System's (JHHS) outstanding bond debt of approximately $486 million (listed below) is rated `AA-` by Fitch. Proceeds from the series 2001 bonds will be used to reimburse Johns Hopkins Hospital (JHH), a division of JHHS, for prior routine capital expenditures ($25 million), fund routine budgeted capital projects through fiscal 2002 ($55 million), reimburse for ...