Northwest NEWS

July 20, 1998

Local News

Refinancing saves money for hospital district

   Refinancing of existing bonds at today's more favorable interest rates has resulted in savings of more than $1.1 million for the Evergreen Hospital District. The 1992 bond to build the Evergreen Professional Center was just refinanced at a savings of $610,000. Earlier this year, the 1988 Evergreen Hospice Center bond was refinanced at a savings of $548,000 over the final ten years of the bond.
   In recognition of its solid financial performance, Evergreen's credit rating has also been upgraded to AA by Standard & Poors, and A1 by Moody's. Evergreen is the only Puget Sound area hospital to achieve the AA-rating.