TITLE

Evolving Credit for Hospital

AUTHOR(S)
Shields, Yvette
PUB. DATE
June 2006
SOURCE
Bond Buyer;6/7/2006, Vol. 356 Issue 32397, p45
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the inclusion of Mount Clemens General Hospital's credit on evolving rating watch list by Fitch Ratings Inc. because of its failure to comply with the requirement in blood covenants that it must disclose the fiscal 2005 audit by the end of May 2006 in Michigan. The analysts also cited the undisclosed letter of credit extension and financial waivers from bondholders.
ACCESSION #
21160563

 

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