St. Barnabas Takes a Hit

Cataldo, Adam L.
July 2006
Bond Buyer;7/3/2006, Vol. 357 Issue 32415, p35
Trade Publication
The article reports on the downgrade of Saint Barnabas Healthcare System's bonds to Baa2 from Baa1 by Moody's Investors Service Inc. Also, the rating agency took the credit off its watch list in a move affecting about $900 million of debt. Credit strengths include the size of its revenue base, a two-year trend of favorable financial performance, and strong management team of the New Jersey facility.


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