TITLE

Pennsylvania CCRC Gets Stable Outlook From S&P

PUB. DATE
May 2006
SOURCE
Bond Buyer;5/22/2006, Vol. 356 Issue 32386, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Standard & Poor's Ratings Services has revised its outlook for the outstanding Series 1999 bonds issued by the Higher Education and Health Authority in Montgomery County, Pennsylvania. The bonds issued for Foulkeways at Gwynedd were also given a BBB rating on the debt. The revised outlook manifests solid debt service coverage for refinancing of bank loans, increased entrance fees from new units, and improved financial performance.
ACCESSION #
20989571

 

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