ECHD gets Issuer Default Rating, bond downgrade

Posted On Jun 2 2021 by

first_img ECHD gets Issuer Default Rating, bond downgrade Pinterest By admin – March 26, 2018 Twitter WhatsApp Twitter WhatsApp Previous articleFive things you need to know today, March 26Next articleCounty Commissioners accept annual financial report admin Facebook Roy Perkins, left, of God’s Way engages in a video conference with Richard Llanez using an app called Zoom on Wednesday in his home. Perkins uses Zoom to connect with an audience and speaks about the Holy Bible. Ector County Hospital District recently had their bonds downgraded by Fitch Ratings and received an Issuer Default Rating.ECHD’s rating was downgraded from BBB to BB+, with an Issuer Default Rating, and Fitch revised the rating outlook from negative to stable, a Fitch Ratings press release stated.The district had a weak fiscal 2016 and 2017 performance reflected a decline in the regional economy since recovered and an electronic medical record implementation in fiscal 2017, the release stated.Fitch expects the hospital district to improve profitability and operating margins with the hospital under new leadership, and with the return of CFO Robert Abernethy, creating an experienced management team, which changed the outlook rating from negative to stable, the release stated. Local NewsGovernment Facebook Pinterestlast_img read more


Bob Ley retiring from ESPN after nearly 40 years

Posted On Aug 16 2020 by

first_imgBob Ley is retiring from ESPN after a career that spans nearly the full length of the network’s history. Ley, 64, made the announcement Wednesday on Twitter, saying the move was “entirely my decision.”  “I enjoy the best of  health, and the many blessings of friends and family, and it is in that context that I’m making this change,” he wrote.  Ley had been on sabbatical from the network since Oct. 1, 2018. He initially said he planned to take a six-month break from his duties, but he did not return in the spring and ESPN said in a May 3 statement that the anchor had decided to extend his leave. Ley joined ESPN on Sept. 9, 1979, its third day on air, and served as a “SportsCenter” anchor for years before establishing himself as the face of the network’s in-depth journalism with the launch of “Outside the Lines” in 1990. “The standard of excellence that has become a hallmark of ESPN began in the early days when we were a start-up with a bold vision,” ESPN president Jimmy PItaro said in a statement. “Bob was there for all of it and, over the years, his unwavering commitment and unparalleled work ethic drove our journalistic ambitions. The best way we can thank Bob for what he’s meant to ESPN and to sports fans is to continue to uphold the journalistic integrity and principles he’s instilled in ESPN for nearly 40 years.”last_img read more