Moody's corrects outlooks on St. Vincent de Paul Center's and Hospital De La Concepcion's Aa1 bond ratings to negative from stable

Posted on: August 17, 2012, 4:20 pm

NEW YORK, August 17, 2012 --Moody's is correcting the rating outlooks on St. Vincent de Paul Center's (IL) and Hospital De La Concepcion's (PR) Aa1-rated bonds to negative from stable. Both organizations have bonds that are guaranteed by Ascension Health Alliance (Aa1, negative outlook), and the ratings on those bonds should carry the same rating and outlook as Ascension Health Alliance. Due to an internal administrative error, a change in outlook for these bonds was inadvertently omitted from the rating action taken on May 18, 2011, when Ascension Health Alliance's Aa1 bond rating was affirmed and outlook revised to negative from stable. St. Vincent de Paul Center's 2000A bonds (approximately $28 million outstanding) were issued through the Illinois Finance Development Authority. Hospital De La Concepcion's Series 2000A bonds ($32 million) were issued through AFICA...

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