S&P cuts Fairbanks, Alaska, hospital bonds outlook to negative

Standard &Poor's said it revised its outlook to negative from stable on the Alaska Industrial Development and Export Authority's $117 million revenue bonds issued on behalf of the Greater Fairbanks Community Hospital Foundation.

S&P also affirmed the A underlying rating on the bonds.

The revision reflects the hospital's preliminary plans to issue additional debt in the next 12 to 24 months, which would strain some balance sheet measures, S&P said.

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