London, 11 November 2015 -- Moody's Investors Service, ("Moody's") has today downgraded to Ba2 from Baa1 the ratings for GBP407 million of 3.25% index-linked guaranteed secured bonds due 2040 (the Bonds) issued by The Coventry and Rugby Hospital Company plc (CRHC). This follows the University Hospitals Coventry and Warwickshire NHS Trust (UHC) making a significant financial deduction due to claimed unavailability. The outlook on the ratings is developing. This concludes the review of the ratings that was initiated on 13 August 2015.
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