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New Orleans-based Touro Hospital's debt rating downgraded

New Orleans Times-Picayune, December 16, 2008

Moody's Investors Services has downgraded the debt rating for New Orleans-based Touro Infirmary for the second consecutive year. The revision comes as rumors flourish that Touro is exploring alliances with other hospitals that occupy a stronger financial position. Touro's interim chief executive has confirmed that he could announce such an affiliation within six months, if not sooner.