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Prospect News home > News index > List of issuers A > Headlines for Albemarle Hospital Authority > News item |
S&P cuts Albemarle Hospital, N.C., bonds to BBB-
Standard & Poor's said it lowered the long-term rating to BBB- from BBB on Albemarle Hospital Authority, N.C.'s $69.3 million series 2007 bonds.
The outlook is negative.
The downgrade and negative outlook reflect unexpectedly soft operating results in fiscal 2007 and through the first half of fiscal 2008 ended March 31, the agency said.
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