Ill Health Deals Stalled By Charity Care Proposal

Shields, Yvette
March 2006
Bond Buyer;3/2/2006, Vol. 355 Issue 32330, p1
Trade Publication
The article reports on delays in the issuance of several planned bonds in Illinois due to bond insurers' concerns about pending hospital legislation. Delnor-Community Hospital and Edward Hospital have delayed their bond offerings because they failed to acquire coverage. Ambac Assurance Corp., Financial Guaranty Insurance Co. and Financial Security Assurance Inc. have delayed their coverage of hospital debt due to legislation requiring hospitals to provide a minimum level of charity care.


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