This follows the full integration of Carroll into LifeBridge, including a change in security for Carroll bondholders to parity under the Master Indenture governing LifeBridge’s debt obligations.
The upgrade was supported by a number of factors, including LifeBridge’s strong performance in FY 2014 and nine-month YTD 2015, the strong financial profile of the combined system with the addition of Carroll and a leading market position.
The outlook on both sets of bonds is stable.
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