Mt. Sinai-NYU Bond Sale Triggered by Months of Downgrades

McKaig, Ryan
October 2002
Bond Buyer;10/25/2002, Vol. 342 Issue 31499, p4
Trade Publication
Reports that Mount Sinai-NYU Medical Center Health System will sell long-term fixed-rate bonds, in a deal that was forced by declining credit quality of the system and converts outstanding auction-rate securities as of October 25, 2002. Reasons for the sale of long-term fixed-rate bonds; Views of Clare C. Pickering, director of municipal bond research at Merill Lynch & Co. regarding the sale of bonds.


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