(Editor's note: Correcting the rating on the $83.405 mil. bonds in paragraph two.) NEW YORK (Standard&Poor's CreditWire) Nov 22, 1999—Standard&Poor's today lowered its rating on New Jersey Health Care Facilities Finance Authority's $139 million revenue bonds, issued for Trinitas Hospital to triple-'B'-minus from triple-'B'. The bonds were originally issued for St. Elizabeth Hospital and Elizabeth General Hospital. Standard&Poor's also assigned its triple-'B'-minus rating to the authority's $83.405 million revenue and refunding bonds series 1999 dated Dec 1, 1999 due July 1, 2029; issued for Trinitas Hospital. The bonds are scheduled to sell Nov. 30, 1999. The downgrade reflects: -- A nearly one-year delay in implementing the merger plan, during which the merger partners' financial
