Beaumont intends to issue approximately 390

Report Summary: This 89-page research report provides an unparalleled breadth and diversity ofinformation on Ducommun Incorporated and its relevant industry. The two-partpresentation of data, company and industry, paints the most complete picture ofthe company and its business. The summary of the company's operations andstructure, backed up by crucial financial numbers, allows one to quicklyunderstand the company. And the inclusion of hard-to-find data such as sales bysegment, patent activities, subsidiary listings, and executive compensationfurther enhance this research. The industry data, with a macroeconomic perspective, provides the indispensablecontext of the arena in which the company operates. This unique insight isprovided by the enclosed sections covering the industry.

For the channel and pricing structure, 10 downstreamindustries are analyzed. The competitive landscape section provides the numberof companies and their revenue share within the industry, the marketconcentration, and a list of major players. All related trade associations,industry standards, and trade publications are also listed. Our clients include Fortune 500 companies, manufacturers, international topconsulting firms, major retailers and wholesalers, professional tradeassociations, financial corporations, universities, governmental entities,start-ups and individuals. We are committed to providing the highest level ofquality to all our clients and assure your satisfaction in the report deliveringas promised. For more information visit http:// WoodSenior Fax from USA: 646-607-1907Fax from rest of the world: 353-1-481-1716 Copyright Business Wire 2009. CHICAGO(Business Wire)Fitch Ratings affirms the 'A' rating on the $390.5 million City of Royal OakHospital Finance Authority hospital revenue and refunding bonds series 2008V(William Beaumont Hospital Obligated Group) which are being issued this week andwill now be called series 2009V bonds.

In addition, Fitch affirms the 'A' ratingon approximately $620 million of bonds issued on behalf of Beaumont (all ofwhich have been issued through the City of Royal Oak Hospital FinanceAuthority) The Rating Outlook remains Negative. Beaumont intends to issue approximately $390.5 million of traditional fixed-raterevenue bonds. Fitch's rating rationale on Beaumont is mostly unchanged since its last ratingaction on Nov 25, 2008 (see Fitch's Rating Action Commentary dated Nov. The 'A' ratingreflects a sharp slowdown in outpatient and ambulatory volumes in the thirdquarter of 2008 and reduced commercial payor volumes. Beaumont's light liquidityposition has been further weakened due to collateral posting requirements underits various swap agreements At Nov. 30th, Beaumont's unrestricted cash andinvestments had declined to $307.4 million (excluding $27 million in collateralposting) from $382.8 million at Sept 30, 2008.

As a result, Beaumont's lightliquidity indicators weakened further with days cash on hand of 59.5, a cushionratio of 4 times (x) and cash to debt of 59. The corporation has receivedwaivers from application of its 60 day liquidity provision at Dec 31, 2008. Management has begun to implement its financial turnaround plan which hasidentified $70 million in various expense reductions and cost savings and isintended to return the corporation to operating profitability in fiscal 2009.Pay reductions ranging from 4-10 for management and employed physicians becameeffective on Dec. 1, a wage freeze for 2009 has been implemented, and 200employees were notified in December that their position will be eliminated.