Summary: Richmond Hospital Authority, Indiana Reid Hospital; Hospital

Standard&Poor's Ratings Services revised its outlook on the underlying rating (SPUR) on Richmond Hospital Authority, Ind.'s debt, issued for Reid Hospital, to negative from stable based on a much-more-limited balance sheet than originally expected due primarily to weaker investment markets, coupled with a potentially slow return of the balance sheet to historical levels with the possibility of a weaker-than-expected performance over the next few years. Standard&Poor's also assigned its 'AA-' standard long-term rating, and stable outlook, to the authority's series 2009 fixed-rate hospital revenue bonds, issued for Reid Hospital&Health Care Services. At the same time, Standard&Poor's affirmed its 'AA-' SPUR on the authority's series 2005A variable-rate demand bonds, issued for Reid Hospital,

...Standard & Poor's Ratings Services revised its outlook on the underlying rating (SPUR) on Richmond Hospital Authority, Ind.'s debt, issued for Reid Hospital, to negative from stable based on a much-more-limited balance sheet than originally expected due primarily to weaker investment markets, coupled with a potentially slow return of the balance sheet to historical levels with the possibility of a weaker-than-expected performance over the next few years. Standard & Poor's also assigned its '##-' standard long-term rating, and stable outlook, to the authority's series 2009 fixed-rate hospital revenue bonds, issued for Reid Hospital & Health Care Services. At the same time, Standard & Poor's affirmed its '##-' SPUR on the authority's series 2005A variable-rate demand bonds, issued for Reid Hospital, and its '###/A-1+' rating on the authority's series 2005B and 2005C variable-rate demand bonds, issued for Reid. The '###' standard long-term rating on the series 2005B and 2005C bonds is based...

Summary