NEW YORK – (Standard&Poor's CreditWire) July 29, 1999—Standard&Poor's today revised its outlook to positive from stable on Rhode Island Health and Educational Facilities Building Corp./Westerly Hospital. The outlook change reflects a slight decline in profitability and liquidity. In addition, Standard&Poor's affirmed its triple-'B' rating on Rhode Island Health and Educational Facilities Building Corp.'s $16.75 million health care revenue bonds, issued for Westerly Hospital. The rating reflects a decline in operating performance and an increase in managed care business. Offsetting credit factors include an increase in outpatient utilization, a manageable debt position, and a solid liquidity position. The bonds are secured by a gross revenue pledge by the hospital. Inpatient admissions at the 75-staffed bed
