Moody's downgrades Cameron Memorial Community Hospital's rating to 'MIG 3'

Moody's Investors Service has downgraded the rating to "MIG 3" from "MIG 2" on Angola, Ind.-based Cameron Memorial Community Hospital's series 2013A bond anticipation notes, affecting $37 million of outstanding debt.

The downgrade is based on several factors, including significant delays in completing a project, and minimal time between estimated project completion and maturity of the bond anticipation notes.

The rating does not carry an outlook.

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