Published in Nursing Home and Elder Business Week, September 17th, 2006
The Rating Outlook is Stable. On April 4, Fitch placed the rating for VVRH on Rating Watch Negative, and on June 20 downgraded VVRH to 'BBB-' from 'BBB' over delays in VVRH providing audited financial statements as is required in its bond documents.
The two-notch rating upgrade and the Stable Outlook is based solely on the strength in VVRH's sales tax debt service subsidy, not on VVRH's...
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