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Fitch Downgrades Loma Linda University Medical Center (CA) Rev Bonds to 'BB+'; Outlook Negative

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SAN FRANCISCO--(BUSINESS WIRE)--Fitch Ratings has downgraded the rating to 'BB+' from 'BBB-' on the approximately $683 million California Statewide Communities Development Authority revenue bonds, series 2014A-C, issued on behalf of Loma Linda University Medical Center. The Rating Outlook remains Negative. SECURITY The bonds are secured by a gross revenue pledge and mortgage pledge of the obligated group (OG). In addition, there is a debt service reserve fund. The OG accounted for 100% of total

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