Fitch places Gainesville Hospital District's bonds on rating watch negative

Fitch Ratings revised the rating watch on the Gainesville Hospital District's "A"-rated $19.7 million of series 2007 general obligation refunding bonds to negative from stable.

The rating revision is based on a number of factors, including the district's decision to file for chapter nine bankruptcy and the district's credit profile.

The Texas-based hospital district operates Gainesville-based North Texas Medical Center.

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