Fitch Downgrades Wisconsin's Beloit Memorial Hospital to A-Minus

Shields, Yvette
February 2006
Bond Buyer;2/2/2006, Vol. 355 Issue 32311, p25
Trade Publication
The article reports on the downgrade rating given by Fitch Ratings Inc. to Beloit Memorial Hospital to A-minus from A-plus due to the strain of an additional 46 million dollars of new debt in Beloit, Wisconsin. The downgrade impacts the upcoming sale of 45.6 million dollars of revenue bonds being sold through the Illinois Finance authority and 2.6 million dollars of outstanding bonds. The proceeds will be used to finance construction of a new health and wellness center.


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