The hospital received a "BB+" rating from Standard & Poor's Rating Systems which will allow the hospital to sell bonds to help fund the construction and renovation of Bethesda Hospital.
"What it means is, they provided us a rating with BB+ and what that's going to allow us is to go out and market the bonds to investors," said Chief Financial Officer for Genesis Healthcare Systems, Paul Masterson.
The primary buyers of the bonds will be institutional buyers...
The Muskingum County Commissioners are trying to refinance about $3,000,000 worth of bonds.
On Monday, the commissioners met with Mark Miller, Stan Harris and Thomas Foster from PNC Bank. Commissioner Jerry Lavy said he's interested in securing a lower interest rate for the bonds maturing in December of 2012.
"They have two different options that they offered to us - a public option and a bank purchase, and there are significant differences between the two,"...
The city of Zanesville will not be purchasing bonds to pay for improvements to Secrest Auditorium.
City council defeated the motion by a narrow margin. Andrew Roberts was one of the councilmen who voted against the measure.
"In the financial situation that we're in right now, I didn't see it fitting that we spend additional moneys for some of those things, " says Roberts.
Mayor Howard Zwelling didn't agree with the decision but failed to comment on the issue.
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