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Moody's: 2012 Not-for-Profit Healthcare Sets Record in Downgraded Debt
Tuesday, February 12, 2013
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Moody's Investors Service said it downgraded a record $20 billion in not-for-profit healthcare debt in 2012, an increase of 213% from the $6.4 billion downgraded in 2011, and the highest amount of downgraded debt in one year in the sector since the rating agency began tracking the metric in 1995.

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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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