S&P Lowers Massachusetts Hospital as It Readies $46M Deal

Piazza, Johanna
June 2003
Bond Buyer;6/5/2003, Vol. 344 Issue 31650, p34
Trade Publication
Jordan Hospital will hang on to an investment-grade rating for this June 2003's issuance of 46 million dollars in revenue bonds through the Massachusetts Health and Educational Facilities Authority (HEFA), despite a two-notch downgrade from Standard& Poor's Corp. The credit agency lowered the rating on Jordan Hospital's 26.64 million dollars of Series 1998D revenue bonds issued through HEFA to BBB-minus from BBB-plus. The proceeds will be used for construction of additional inpatient space and expansion of the hospital's campus in Plymouth, Massachusetts.


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