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Immediate (Friday, February 3, 2006)
Fletcher Allen Credit Rating Outlook Revised to Stable from Negative by Moody’s Investors ServiceBURLINGTON VT - Fletcher Allen Health Care has received an upgrade in its credit rating outlook from Moody’s Investors Service. The New York credit rating firm affirmed their Baa 1 underlying rating, but revised their outlook for the bond rating to stable from negative. Moody’s announcement follows by one day a similar announcement from Fitch Ratings, another New York-based credit rating firm, in which they affirmed their underlying “BBB” rating and revised their rating outlook to positive from stable. The ratings are a measure of creditworthiness used by investors to assess the risk of purchasing an organization’s bonds. |
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