TITLE

Fitch: Illinois Charity Legislation Would Hurt Hospital Credits

AUTHOR(S)
Shields, Yvette
PUB. DATE
March 2006
SOURCE
Bond Buyer;3/17/2006, Vol. 355 Issue 32341, p27
SOURCE TYPE
Trade Publication
DOC. TYPE
Report
ABSTRACT
The article reports on the warning given by Fitch Ratings Inc. that the legislation proposed by Illinois Attorney General Lisa Madigan will affect hospital credits. The legislation, which requires tax-exempt hospitals to provide a minimum level of charity care, would result in credit downgrades. Madigan believes that minimum standards are needed because not-for-profit hospitals benefit financially from their tax-exempt status.
ACCESSION #
20232894

 

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