Letters of credit getting more expensive.
Hospital executives who haven't been in the market recently for a new or renewed letter of credit will find it a more expensive way to back their variable-rate debt. Annual fees are surging, for reasons ranging from an international banking agreement that goes into effect next year to more conservative fee structures being instituted because of bad loans made by some banks in the past decade.
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D002202:Capital Financing / Q000639:trends*; D005249:Fees and Charges; D005377:Financial Management, Hospital / Q000639:trends*; D014481:United States