Moody's Investors Service has downgraded the rating on Seguin, Texas-based Guadalupe Regional Medical Center's series 2007 revenue bonds to "Ba1" from "Baa3," affecting approximately $87.9 million of debt.
This follows the downgrade of DEPFA. The mortgage reserve fund of the credit is invested in a DEPFA bank plc guaranteed investment contract. A GIC provider with a "Ba1" rating cannot support a "Baa3" rating on a standalone bond transaction.
The system outlook remains stable.
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