Fitch Downgrades Ty Cobb Healthcare System, GA's $12.7MM Bonds to 'BB-'; Outlook Stable

Wireless News | August 11, 2009 | Copyright

Wireless News
08-11-2009
Fitch Downgrades Ty Cobb Healthcare System, GA's $12.7MM Bonds to 'BB-'; Outlook Stable
Type: News

Fitch Ratings has downgraded the rating on approximately $12.7 million outstanding Hospital Authority of the City of Royston, GA's revenue anticipation certificates (Ty Cobb Healthcare System, Inc. Project) series 1999 to 'BB-' from 'BB'.

The Rating Outlook is Stable.
The rating downgrade is based on Ty Cobb Healthcare System's (Ty Cobb) worsened operating performance, weak debt service coverage, and flat utilization trends. Since Fitch's last review, Ty Cobb recorded a ...

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