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Article: Moody's lowers six hospital bond ratings in the commonwealth of Massachusetts; no bond upgraded.
- Article from:
- PR Newswire
- Article date:
- December 7, 1990
CopyrightCOPYRIGHT 1990 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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MOODY'S LOWERS SIX HOSPITAL BOND RATINGS IN THE
COMMONWEALTH OF MASSACHUSETTS; NO BONDS UPGRADED
NEW YORK, Dec. 7 /PRNewswire/ -- Effective today, Moody's Investors Service announced that it has completed a review of all Massachusetts hospital revenue bond ratings. The review in six downgrades, 24 confirmations and no upgrades. The 30 bond ratings are secured by 28 hospitals.
For those bond ratings which were downgraded, Moody's found that poor or fluctuating operating performance, low cash reserves, or changes in hospital strategy created credit uncertainty. A major consideration in Moody's analysis was the Commonwealth's unique ...