TITLE

Temple University Hospital Tweaks $61 Million Issue

AUTHOR(S)
D'Ambrosio, Gillian
PUB. DATE
June 2003
SOURCE
Bond Buyer;6/6/2003, Vol. 344 Issue 31651, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Temple University Hospital's $60.9 million revenue bond issue, which was originally scheduled to price in April 2003, is being reduced and restructured with a possibility of coming to market in the next few weeks as of June 6, 2003. The hospital's bonds will be issued through the Philadelphia, Pennsylvania Hospitals & Higher Education Facilities Authority. In April, Moody's Investors Service Inc. has assigned the bonds a Baa2 rating with a negative outlook, reflecting deep health care cuts in the state's fiscal year 2004 budget, the probationary status of the medical school, and rising labor, malpractice and drug costs endemic to the health care industry.
ACCESSION #
10029341

 

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