While Fitch Ratings downgraded a 2009-dated bond series long-term from “AA+” to “AA,” the agency also downgraded its short-term rating for the bonds. S&P Global maintained its long-term rating for two separate Adventist bond series at “AA-” but downgraded the short-term grade.
The rating changes resulted from a downgrade of U.S. Bank by the two agencies. U.S. Bank is a letter of credit provider to Adventist Health.
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