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Saint Barnabas Health, N.J., Rating Raised to BBB-Plus by S&P
Friday, November 16, 2012
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Standard & Poor's Ratings Services said it raised its long-term rating and underlying rating to BBB-plus from BBB on bonds issued by the New Jersey Health Care Facilities Financing Authority for Saint Barnabas Corp., doing business as Barnabas Health.

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Before the financial crisis of 2008-09, it would have been significant news if yields on municipal bonds had exceeded those on Treasury securities at any maturity, and that occurrence likely would have attracted a variety of investors seeking to take advantage of the relative-value opportunity.

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