Fitch Downgrades Indiana'a Clarian Health to AA-Minus Ahead of Deal

Carvlin, Elizabeth
May 2003
Bond Buyer;5/5/2003, Vol. 344 Issue 31628, p40
Trade Publication
Fitch Ratings Inc. lowered the rank of Clarian Health Partners Inc. on May 2, 2003 to AA-minus from AA, a rating that still was welcome news for the Indiana health system's leadership as it plans to come to market with its largest-ever bond issue, 500 million dollars of taxable and tax-exempt bonds, to build two suburban hospitals. Clarian was not required to pay a monetary penalty or restructure its debt with the settlement that ended the audit of debt that the hospital system issued in 1996 to buy the hospitals.


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