Ty Cobb Healthcare System, GA $19M Rated `BBB` by Fitch IBCA.

Business Wire | September 8, 1999 | Copyright

NEW YORK--(BUSINESS WIRE)--Sept. 8, 1999--

Fitch IBCA assigns its `BBB` rating to Royston Hospital Authority, GA's $18.9 million revenue anticipation certificates (Ty Cobb Healthcare System, Inc. Project), series 1999. Proceeds of the 1999 issue, along with a $3.5 million bank loan, will be used to finance $6.2 million of upcoming capital expenditures, reimburse $4.5 million of capital expenditures already made, refinance all existing debt, and pay costs of issuance. The bonds are expected to be sold the week of Sept. 27 through negotiation by The Robinson-Humphrey ...

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