Agencies downgrade Tower Health bonds to junk bond status – Reading Eagle
On Friday, Fitch Ratings Inc. and Standard & Poor’s downgraded Tower Health System’s bond rating to below investment grade, or junk-bond status. In other words, the purchase of bonds is considered speculative. Bond rating agencies also revised the outlook for the West Reading-based tower to negative on the hospital system’s $ 1.3 billion long-term debt. […]
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