NEW YORK -- Standard&Poor's CreditWire Feb 23, 1999 – Standard&Poor's today assigned its triple-'B'-minus rating to Rhode Island Health&Educational Facilities Building Corp.'s $20 million revenue bonds series 1999, issued for St. Joseph Health Services, R.I. The rating reflects: -- Stable market share, -- Profitable operations with sound pro forma coverage of 3.4 times (x), and -- Favorable physician relationships with a large body of active and primary care physicians. The offsetting factors include competition, low cash position and strong managed care presence. St. Joseph Health Services, is a 272-staffed bed Catholic Health System sponsored by the Roman Catholic Diocese of Providence, Rhode Island. St. Joseph Health Services operates Our Lady of Fatima, a 162-bed
