W. Va. Hospital Gets Negative Outlook

February 2005
Bond Buyer;2/22/2005, Vol. 351 Issue 32075, p2
Trade Publication
The article reports that Standard & Poor's Corp. said it revised its outlook to negative from stable on outstanding long-term debt from Monongalia General Hospital (MGH) in West Virginia. In addition. Standard & Poor's affirmed its A-minus underlying rating and AA-plus long-term rating on MGH's bonds, issued by Monongalia County Building Commission. The short-term rating has been raised to Al-plus from Al to parallel the Al-plus short-term rating on JP Morgan Chase Bank's debt as the short-term rating is based on the liquidity support of JP Morgan Chase Bank. The year-to-date operating results make it unlikely that the health system will meet its budget projection for 2005, which will potentially affect MGH's ability to meet its five-year forecast.


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