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Fitch Affirms & Withdraws Pascack Valley Hospital 'CC' 2003 & 1998 Bonds
Business Wire, Jan 14, 2008
NEW YORK -- Fitch Ratings has affirmed and simultaneously withdrawn the 'CC' rating on Pascack Valley Hospital Association's (NJ) $50.8 million series 2003, and $26.6 million Series 1998 bonds.
Pascack Valley Hospital Association filed for Chapter 11 bankruptcy on Sept. 24, 2007. The rating is withdrawn because, the hospital ceased operations as an acute care hospital on Nov. 21. Fitch will no longer provide ratings coverage for this obligor.
Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site.
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