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S&P cuts rating on bonds for Pennsylvania hospital

Philadelphia Inquirer, December 20, 2007
Standard & Poor's has lowered its rating on bonds issued on behalf of Crozer-Chester Medical Center in Upland, PA. S&P cited "an unexpected operating loss" in fiscal 2007 and the first quarter of 2008 and "persistently weak liquidity." The lower rating affects about $179 million in debt.