S&P places MetroHealth System’s ‘A-‘ bonds on CreditWatch

S&P Global Ratings placed the “A-” long-term rating on Cleveland-based MetroHealth System’s series 2009B taxable hospital revenue bonds on CreditWatch with negative implications.

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“The CreditWatch placement reflects our view of the potential for additional debt and related project risk in the near future, with additional details becoming available within 90 days,” said S&P analyst Suzie Desai.

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