Article: Fitch Rates PSCH Inc. -New York- 'BBB-'; Stable Rating Outlook.

Business Editors

NEW YORK--(BUSINESS WIRE)--Feb. 27, 2003

Fitch Ratings has assigned a 'BBB-' rating to the $15,800,000 New York City Industrial Development Agency Civic Facility Revenue Bonds, Series 2003 (PSCH Inc. Project). Bond proceeds are being used to finance various capital projects, fund a debt service reserve fund, and pay costs of issuance. The bonds are expected to be sold during the week of March 10, 2003 through negotiation by Banc of America Securities, LLC. The Rating Outlook is Stable. Fitch notes that PSCH, a human service provider, is neither an acute-care nor a long-term care entity and thus its credit and financial characteristics ...

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