Fitch Ratings downgraded to A from A-plus its rating on Reid Hospital and Health Services last week, warning that the Richmond, Ind., facility continues to suffer from operating losses. Fitch revised the outlook to stable from negative.

The downgrade affects $180 million of bonds issued in 2009 and 2005. The $82 million of variable-rate demand bonds issued in 2005 are supported by a standby bond purchase agreement from JPMorgan Chase and are insured by Assured Guaranty Municipal Corp. 

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