News Headlines Article

Credit rating drops for medical center bonds
The Press-Enterprise

Concerned about the expense of a $1.2 billion expansion, Fitch Ratings has downgraded the rating on $683 million revenue bonds issued on behalf of Loma Linda University Medical Center. It lowered the rating on the California Statewide Communities Development Authority revenue bonds, series 2014A-C to BB-plus from BBB-minus with a negative outlook, according to a news release. Fitch’s highest rating is AAA. Its lowest is D, default.