News Headlines Article

Tulare hospital bond ratings downgraded
Visialia Times-Delta

Ratings for revenue bonds issued by Tulare Local HealthCare District were lowered Tuesday by a major rating agency.

Fitch Ratings dropped the hospital district’s rating on refunding revenue bonds to BB+ from BBB-, citing reductions in the district’s operating revenue and said a reduction in its cash on hand led to what it called a significant decline in its liquidity.

Affected are $16.3 million refunding revenue bonds from 2007.