Money Talk

Who's up and who's down

Up
Cleveland (OH) Clinic Health System
Rating: Aa2
Outlook: Stable
Affected debt: $2 billion
Agency: Moody's Investors Service
Remarks: Upgraded from Aa3 because of the system's ability to continue to improve and sustain very good operating performance and liquidity.

Down
Floyd Memorial Hospital & Health Services, New Albany, IN
Rating: A-
Outlook: Negative
Affected debt: $45.4 million
Agency: Standard & Poor's
Remarks: Outlook revised from stable because of concern about two new hospitals opening in the market.

Up
Medical Center of Central Georgia, Macon
Rating: Aa2
Outlook: Not applicable
Affected debt: $80 million
Agency: Moody's Investors Service
Remarks: Rating upgraded from Aa3 because of a letter of credit provided by SunTrust Bank, which ensures timely debt service payments and purchase price payments to investors.

Down
Roger Williams Hospital, Providence, RI
Rating: BB
Outlook: Stable
Affected debt: $16.3 million
Agency: Standard & Poor's
Remarks: Outlook revised to stable from positive due to light cash position of 41 days and close to break-even financial position through 2007 and the first nine months of 2008.

—Philip Betbeze