10 recent hospital, health system outlook and credit rating actions

The following hospital and health system credit rating and outlook changes and affirmations took place in the last week, beginning with the most recent.

1. Fitch assigns 'A+' rating to Southern Illinois Healthcare's bonds
Fitch Ratings assigned its "A+" rating to Carbondale-based Southern Illinois Healthcare's proposed $68 million series 2017C refunding bonds to be issued by the Illinois Finance Authority.  

2. Fitch affirms 'BBB+' rating on King's Daughters' Health's bonds
Fitch Ratings affirmed its "BBB+" rating on Madison, Ind.-based King's Daughters' Health's series 2010 revenue bonds, affecting $93.8 million of debt. 

3. Moody's downgrades rating to 'B3' on East Jefferson General Hospital
Moody's Investors Service downgraded Metairie, La.-based East Jefferson General Hospital's debt rating to "B3" from "Ba3," affecting $152 million of outstanding debt. 

4. Moody's affirms 'A2' rating on Blanchard Valley Regional Health Center
Moody's Investors Service affirmed the "A2" rating on Findlay, Ohio-based Blanchard Valley Regional Health Center's series 2011A bonds. 

5. Moody's affirms 'Aa2' rating on Mayo Clinic's bonds
Moody's Investors Service affirmed its "Aa2," "Aa2/NR" and "Aa2/VMIG 1" ratings on Rochester, Minn.-based Mayo Clinic's bonds, affecting $2.3 billion of rated debt. 

6. S&P revises Eastern Maine Healthcare System's outlook to negative
S&P Global Ratings affirmed its "BBB" rating on Brewer-based Eastern Maine Healthcare System's series 2016A and series 2013 bonds, affecting $313.4 million of debt.

7. Fitch assigns 'A-' rating to Marshfield Clinic Health System's bonds
Fitch Ratings assigned its "A-" rating to $3.08 million series 2017B and series 2017C revenue bonds issued by the Wisconsin Health and Educational Facilities Authority on behalf of Marshfield (Wis.) Clinic Health System.

8. Moody's, S&P give Atlantic Health System highest health system rating in New Jersey
Morristown, N.J.-based Atlantic Health System has the highest rating from Moody's Investors Service and S&P Global Ratings among health systems in New Jersey. 

9. Fitch affirms 'A-' rating on Baptist Health Care's revenue bonds
Fitch Ratings affirmed its "A-" rating on Pensacola, Fla.-based Baptist Health Care's series 2010A revenue bonds, affecting $141 million of outstanding debt.  

10. Moody's assigns 'Baa1' to Catholic Memorial Hospital
Moody's Investors Service assigned its "Baa1" rating to Manchester, N.H.-based Catholic Medical Center's proposed $56 million series 2017 revenue bonds.  

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars