PRO­JECTED OP­ER­AT­ING DEFICITS AND

The Bond Buyer - - Front Page -

a heavy re­liance on state fund­ing trig­gered a neg­a­tive out­look for Tem­ple Univer­sity Health Sys­tem’s junk-rated bonds. Moody’s In­vestors Ser­vice on Wed­nes­day re­vised the out­look for its Ba1 rat­ing on $478 mil­lion of out­stand­ing debt to neg­a­tive from stable, cit­ing el­e­vated risks dur­ing a time when the univer­sity health sys­tem faces weak mar­gins and grow­ing health­care com­pe­ti­tion.

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