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S&P lowers KershawHealth bond rating to BBB-
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Standard & Poor’s Ratings Services lowered its long-term rating to ‘BBB-’ from ‘BBB’ on South Carolina Jobs Economic Development Authority’s $19.6 million series 2008 hospital revenue bonds issued for KershawHealth. The outlook is negative. “The lower rating reflects KershawHealth’s continued weak and below-budget operating performance over the past two years,” S&P Credit Analyst Stephen Infranco said in a press release Wednesday.