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Fitch Rates New York and Presbyterian Hospital 2016 Taxable Revs 'AA'; Affirms Outstanding

Jun 17, 2016 - Business Wire

Fitch Ratings has assigned an 'AA' rating to the expected issuance of $850 million of The New York and Presbyterian Hospital (NYP) taxable bonds, series 2016). In addition, Fitch also affirms the 'AA' rating on $750 million of NYP series 2015.

The Rating Outlook is Stable.

The $850 million of taxable bonds will be issued as fixed-rate and be structured as a bullet maturity. The maturity terms are still to be determined. Proceeds from the bonds are for general corporate purposes, but ...