With one more quarter to go, hospitals have sold $24.5 billion in fixed-rate revenue bonds so far in 2016, a 35 percent increase over the $18.1 billion in bonds sold during all of 2015, according to an HFA Partners report.
Higher-rated borrowers are fueling much of the higher volumes. Bond issuance by borrowers in the "AA" category in the first three quarters of this year is already 70 percent higher than in the 2015 calendar year.
Lower-rated borrowers have also boosted their borrowing efforts, but at a much slower pace, according to the report.
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