Fitch Ratings revised the rating watch on Tulare (Calif.) Regional Medical Center’s “BB-” rated $13,650,000 of series 2007 fixed-rate bonds to negative from positive.
The negative rating watch is based on a number of factors, including the medical center’s failed attempt in August 2016 to obtain a $55 million general obligation bond issuance by the county to finish construction on a building that broke ground in 2012.
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