Fitch Drops N.Y.'s Nyack Hospital to B-Minus With Negative Watch

Fine, Jacob
May 2006
Bond Buyer;5/17/2006, Vol. 356 Issue 32383, p6
Trade Publication
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 by a revenue pledge and a mortgage.


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