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Fitch puts stable outlook on state bond refinancing

Ratings agency leaves ‘negative’ outlook in place for other debt   By TED CARTER Successful refinancing of $226.5 million in general obligation bonds in the next few days could erase a $14 million debt-service deficit legislators failed to address in their last session. The refinancing would apply to general obligation bonds issued in previous years. The state’s hopes for a ...

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Fitch upgrades rating on Old Republic, subsidiaries to 'positive'

MADISON — Fitch Ratings has placed the ratings of Old Republic International Corporation’s (ORI) and its insurance company subsidiaries on rating watch positive. The ratings were previously on rating watch negative, where they had been placed Jan. 25, 2012. The rating includes Mississippi Valley Title Insurance Company of Madison, an ORI subsidiary. Fitch wrote in part: “The rating watch reflects ...

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Fitch withdraws ratings on MDOC bonds for prison projects

MARSHALL COUNTY and WILKINSON COUNTY — Fitch Ratings has withdrawn its ratings on the following bonds due to pre-refunding activity: • Mississippi Development Bank (MS) (MSLoan Prog-Mississippi Department of Corrections-Marshall County Correctional Facility Refunding Proj) general obligation special obligation bonds series 2008C (all maturities); and • Mississippi Development Bank (MS) (MSLoan Program-Mississippi Department of Corrections Wilkinson County Correctional Facility) general ...

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Standard & Poor’s: Prospects For Small Hospitals Better

SAN FRANCISCO—While not-for-profit small hospitals have improved their operations in the past year, speculative-grade health care providers in the U.S. continue to face many challenges, according to Standard & Poor’s Ratings Services reports. Lower-rated providers face such challenges as operating losses, weak demographics, limited business position, high debt, and low liquidity. Additionally, they often have aging facilities that require high ...

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