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Fitch Ratings
Fitch Rates New Jersey Health Care Facilities Financing Authority's $249.7MM Bonds 'A+'
June 14th, 2008
Fitch assigns an 'A+' rating to the New Jersey Health Care Facilities Financing Authority approximately $249.7 million state contract bonds (hospital asset transformation program) series 2008A. The bonds, which are expected to be offered through negotiation during the week of June 3, will be due Feb. 1, 2009 through 2038. The Rating Outlook is Stable. The 'A+' rating reflects the State of New Jersey's ability to service state-appropriation debt. The bonds represent the second series to be issued under the Hospital Asset Transformation Act of 2000, which was designed to provide financial assistance to New Jersey nonprofit hospitals in connection with the closing of acute...
Source: Law & Health Weekly (2008-06-14)
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