NEW YORK--(BUSINESS WIRE)-- Fitch Ratings has downgraded to 'BB+' from 'BBB' the underlying rating on approximately $900 million New Jersey Health Care Facilities Financing Authority and New Jersey Economic Development Authority bonds issued...

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2008-12-03 04:05:01 - downgrade to 'BB+' reflects the increasing likelihood of an event of default stemming from declining liquidity and ongoing operating and investment losses that have occurred over the last two fiscal years and...
NEW YORK--(BUSINESS WIRE)-- Fitch Ratings has downgraded to 'BB+' from 'BBB' the underlying rating on approximately $900 million New Jersey Health Care Facilities Financing Authority and New Jersey Economic Development Authority bonds issued...