S&P cuts Albemarle Hospital, N.C., bonds to BBB-

Standard & Poor's said it lowered the standard long-term rating to BBB- from BBB for Albemarle Hospital Authority, N.C.'s $69.3 million series 2007 bonds.

The outlook is now negative.

The agency said the downgrade and negative outlook resulted from unexpectedly soft operating results in fiscal 2007 and through the first half of fiscal 2008 ended March 31.

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