DMC's Outlook Dips

Carvlin, Elizabeth
July 2006
Bond Buyer;7/5/2006, Vol. 357 Issue 32416, p29
Trade Publication
The article reports on the changes in outlook on the Detroit Medical Center's below-investment grade debt to stable from positive. Such change reflects the medical center's diminished operating momentum due to lower patient volume. The agency also indicated that there is a risk that liquidity will be reduced by sizable pension contributions in 2006 and 2007. The rating outlook affects rated debt issued through the Michigan State Hospital Finance Authority.


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