SAN FRANCISCO (Standard&Poor's CreditWire) Nov. 3, 2000--Standard&Poor's today placed its triple-'B'-plus ratings and triple-'B'-plus underlying ratings (SPURs) on bonds issued for Catholic Healthcare West (CHW), Calif. on CreditWatch with negative implications (please see list below). The placement follows the release of CHW's audited fiscal 2000 financial results, which proved significantly worse than expectations. Standard&Poor's is scheduled to meet with the new management team at CHW at the end of November to review audited results, the budget for fiscal 2001, and the strategic plan in detail, at which time a downgrade will be considered. CHW was downgraded to triple-'B'-plus from single-'A' in June 1999, and the outlook revised to negative in November 1999. At that
