Fitch Downgrades Friendship Village of Schaumburg, Illinois' Bonds to 'BB'; Outlook Negative

Down again...

Fitch Ratings-Chicago-23 January 2008: Fitch Ratings downgrades to 'BB' from 'BB+' the rating on Friendship Village of Schaumburg's (FVS), Illinois, outstanding $80.5 million of series 2005 A&B revenue bonds issued through the Illinois Finance Authority. Furthermore, Fitch removes the bonds from Rating Watch Negative and has assigned a Negative Outlook.

see:
http://www.fitchratings.com/corporate/sectors/sector.cfm?sector_flag=10&marketsector=1&body_content=about