NY -- Standard&Poor's CreditWire 12/02/97 -- Standard&Poor's today affirmed its triple-'B' rating on New Jersey Health Care Facility Finance Authority's bonds series 1987B, issued on behalf of the West Hudson Hospital Association, N.J. The outlook is revised to stable from negative. The rating reflects adequate financial operations, good debt service coverage, and a strong cash position, offset by weakened inpatient and outpatient volume. The outlook revision reflects the January 1997 affiliation with Saint Barnabas Health Care System and subsequent improved operations and utilization as reflected in the 9-month interims. West Hudson Hospital, located in the Newark, N.J. service area, experienced inpatient admission and outpatient visit declines in recent years. As a result, net patient revenues dropped
