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.
Saint Barnabas Health, N.J., Rating Raised to BBB-Plus by S&P
NOV 16, 2012 11:32am ET
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"One of these things does not belong" is a catchy slogan and it comes to mind when looking at the latest tax policy ideas coming from Washington when looking at the municipal bond tax exemption. The exemption is not a result of the growth of a tax code designed to induce or reduce certain behaviors. Rather, it is the foundation for the flow of capital in a $3.7 trillion dollar market required to efficiently finance the nation's infrastructure.
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