NEW YORK (Standard & Poor's) July 16, 2007--Standard & Poor's Ratings Services raised its standard long-term rating and underlying rating (SPUR) on Vassar Brothers Medical Center (VBMC), N.Y. bonds, issued by Dutchess County Industrial Development Agency and New York State Dormitory Authority, to 'A' from 'A-', on VBMC's role as the 365-licensed bed flagship hospital of Health Quest Systems Inc. (HQSI), its parent organization, and a forthcoming change in the security of VBMC's bonds to now include the support of HQSI's obligated group. At the same time, Standard & Poor's assigned its 'A' rating to New York State Dormitory Authority's $69 million series 2007 health care revenue and refunding bonds, issued for HQSI, which is headquartered in Poughkeepsie, N.Y. The...
Companies mentioned in this report are:
- Health Quest Sys, Inc.
- Dorm Auth of the St of New York
- Dutchess Cnty Indl Dev Agy
Action: New Rating
Action: Outlook: Stable
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