TITLE

N.J.'s St. Barnabas Health Lowered to BBB by S&P

PUB. DATE
July 2006
SOURCE
Bond Buyer;7/6/2006, Vol. 357 Issue 32417, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the downgrade of Standard & Poor's Corp.'s rating on bonds issued for Saint Barnabas Health Care System to BBB from BBB-plus. The move reflects the negative effect of a recent settlement with the U.S. Department of Justice, risk of additional lawsuits, and operational stress unrelated to the settlement. However, Saint Barnabas claimed that the settlement has no effect on its operations.
ACCESSION #
21515737

 

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