News Headlines Article

PPH shrugs off ratings downgrade
North County Times

Palomar Pomerado Health’s chief financial officer said this week that a recent dip in credit ratings should not significantly affect the health care district’s plans to sell up to $225 million in revenue and general obligation bonds to complete Palomar West, the district’s massive new hospital. Robert Hemker, the health care network’s top financial executive, said he expects that the district will pay an interest rate 0.3 percent more expensive than it would have had credit-rating firms given higher ratings.