TITLE

Wait and see: Downgrade may affect some more than others

AUTHOR(S)
Evans, Melanie
PUB. DATE
August 2011
SOURCE
Modern Healthcare;8/15/2011, Vol. 41 Issue 33, p8
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses the impact of the downgrade of U.S. credit by Standard & Poor's from AAA to AA+ on the healthcare system. The AAA rating has been used to guarantee debt for small and rural hospitals, as well as to provide backing for hospital bonds with credit guarantees from failing commercial banks. According to the author, higher interest rates are expected, with most Federal Home Loan Banks that guarantee some hospital short-term bonds, included in the downgrade.
ACCESSION #
64484505

 

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