(Editor's note: Correcting last two paragraphs. Outlook has been revised to Negative from Stable.) NEW YORK (Standard&Poor's CreditWire) Oct. 19, 1999--Standard&Poor's today revised New Jersey Health Care Facilities Finance Authority's outlook, issued for Holy Name Hospital, to negative from stable. Standard&Poor's also affirmed its triple-'B'-plus rating on the authority's $73 million revenue bonds series 1997, issued for hospital. The outlook change is based on the hospital's: -- Gradual weakening of operating performance and slight decline in liquidity, -- Decline in overall business volumes related to a very competitive market place, and -- Downward pressure on reimbursements from managed care and governmental payors. Holy Name is a 361-staffed bed acute provider located in town of
