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Article: Massachusetts Health and Education Facilities; Choate-Symmes Health Services rating lowered by S&P. (Standard and Poor's CreditWire)
- Article from:
- PR Newswire
- Article date:
- October 10, 1989
CopyrightCOPYRIGHT 1989 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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-- S&P CREDITWIRE -- MASSACHUSETTS HEALTH & EDUCATION FACILITIES
CHOATE-SYMMES HEALTH SERVICES RATING LOWERED BY S&P
NEW YORK, Oct. 10 /PRNewswire/ -- The rating on $30 million Massachusetts Health & Educational Facilities Choate-Symmes Health Services' Series 1982A bonds is lowered to triple-'C' from double-'B' by S&P.
The hospital filed for Chapter 11 protection in U.S. Bankruptcy Court in Boston Friday.
Presently, none of the hospital's rated debt is in default although the debt service reserve fund was invaded to make the July 1 bondholders payment; monthly debt service payments to the trustee haven't been made since ...