TITLE

Fitch Downgrades Holyoke Hosp. Bonds

PUB. DATE
March 2005
SOURCE
Bond Buyer;3/3/2005, Vol. 351 Issue 32082, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Fitch Ratings Inc. has downgraded the $13.18 million of Massachusetts Health and Educational Facilities Authority Series B bonds issued in 1994 for Holyoke Hospital to BB-plus from BBB-minus. Valley Health System (VHS) Inc. is the parent and sole corporate member of Holyoke Hospital. The downgrade to BB-plus is based on VHS's decline in operating performance, weak debt service coverage, poor payor mix, and light liquidity. The decline in operating performance has led to a financial profile that is no longer consistent with an investment grade category credit.
ACCESSION #
16313707

 

Related Articles

  • Valley Health Goes Negative. Saskal, Rich // Bond Buyer;2/3/2006, Vol. 355 Issue 32312, p31 

    The article reports that Fitch Ratings has downgraded the rating of Valley Health System from speculative-grade to negative. The agency attributed the downgrade to the company's delay in providing audited financial information. The negative rating has affected the hospital revenue bonds and...

  • Fitch Downgrades D.C. Hospital Bonds. Vadum, Matthew // Bond Buyer;12/17/2002, Vol. 342 Issue 31534, p5 

    Reports on a decline in the credit rating of outstanding revenue bonds of bankrupt Washington D.C.-based Greater Southeast Community Hospital, by credit rating agency Fitch Ratings Inc. Fall in the rating from C grade to D grade; Kinds of borrowers who have a D rating.

  • Fitch Drops N.Y.'s Nyack Hospital to B-Minus With Negative Watch. Fine, Jacob // Bond Buyer;5/17/2006, Vol. 356 Issue 32383, p6 

    The article reports that Fitch Ratings Inc. has downgraded the rating on bonds sold for Nyack Hospital in New York to B-minus from B-plus. The rating agency also put the bonds on negative watch after the hospital failed to provide audited results for 2005 on April 30, 2006. The bonds are secured...

  • FLORIDA: Cocoa Beach Utility Revised. Sigo, Shelly // Bond Buyer;10/11/2007, Vol. 362 Issue 32731, p9 

    The article reports on the move of Fitch Ratings Ltd. to revise to negative its outlook on Cocoa Beach's nearly $7 million of outstanding utility system improvement bonds in Florida. Fitch confirmed the city's utility bond rating A-plus but said the negative outlook reflected a trend toward...

  • Monroe Clinic Takes a Hit. Shields, Yvette // Bond Buyer;10/28/2009, Vol. 370 Issue 33207, p9 

    The article reports on the move of the Fitch Ratings Ltd. to downgrade the ratings of Monroe Clinic Inc.'s into A-minus in the U.S. It states that the rating is due to its plans to add debt load worth 65 million dollars of fixed-rate bonds that is use to fund construction of a new patient tower....

  • FLORIDA: Not So Better Jacksonville. Sigo, Shelly // Bond Buyer;4/2/2009, Vol. 368 Issue 33091, p9 

    The article reports on the negative rating of Fitch Ratings Ltd. regarding the Jacksonville's infrastructure sales tax revenue bonds, which was downgraded to AA negative from AA. According to Fitch Ratings, the downgraded rating was based on the projected decline in debt service coverage to...

  • Fitch Proposes Rating Criteria Changes on Tax-Supported Debt. Barnett, Chip // Bond Buyer;9/11/2015, Vol. 1 Issue F335, p1 

    Fitch Ratings released a draft on Thursday detailing changes to its U.S. tax-supported bond rating criteria. The rating agency said it expects less than 10% of the ratings covered would be affected.

  • Hospital Positive. Sigo, Shelly // Bond Buyer;9/22/2005, Vol. 353 Issue 32223, p31 

    Reports that Fitch Ratings Inc. has revised its rating outlook to positive from stable for revenue bonds issued by the South Lake County Hospital District on behalf of South Lake Hospital Inc. in Florida. Percentage of the hospital owned by Orlando Regional Health System; Completion of the...

  • Fitch Drops Salem Hospital. Saskal, Rich // Bond Buyer;9/29/2006, Vol. 357 Issue 32477, p37 

    The article reports on the ratings of Fitch Ratings Inc. on the debt issued for Salem Hospital in Oregon. The agency downgraded its rating to A-plus from AA-minus. It was observed that the action was in connection with the issuance of $120 million in Series 2006 Salem Hospital Facility Authority...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics