The downgrade on Rhode Island Health&Educational Facilities Building Corp., R.I.'s bonds, issued for Roger Williams General Hospital, reflects a rating withdrawn due to a delay in the bond sale. The delay was the result of an internal investigation by the hospital's board of directors regarding certain allegations concerning the president of the hospital. These reports have prompted a preliminary inquiry from the Rhode Island Attorney General. The investigation is not expected to adversely affect the hospital's financial performance and the bond sale is expected to take place in December 1998. Standard&Poor's will reevaluate the credit once additional information becomes available and will issue a new rating at that time.
