The following hospital and health system rating and outlook changes and affirmations took place in the last week, starting with the most recent.
1. S&P revises Bayhealth Medical Center's outlook to positive
S&P affirmed its "A+" rating on series 2009A revenue bonds issued on behalf of Dover, Del.-based Bayhealth Medical Center by the Delaware Health Facilities Authority and revised its outlook on Bayhealth to positive from stable.
2. S&P upgrades UMass Memorial Health Care's outlook to stable
S&P revised the outlook to stable from negative and affirmed its "BBB+" underlying rating on series 1998A and 1998B bonds issued for Worcester-based UMass Memorial Medical Center, a subsidiary of UMass Memorial Health Care.
3. S&P revises Decatur Hospital Authority's outlook to positive
S&P revised the outlook to positive from stable and affirmed the "BB+" long-term rating on Decatur (Texas) Hospital Authority's series 2014 revenue bonds.
4. Moody's affirms 'Aa2/VMIG 1' on CHRISTUS Health's bonds
Moody's Investors Service affirmed Irving, Texas-based CHRISTUS Health's "Aa2/VMIG 1" letter of credit-backed series 2008C-1 bonds, affecting $41.44 million of debt.
5. Moody's affirms Community Memorial Health's 'Ba2' rating
Moody's Investors Service affirmed the "Ba2" rating on Ventura, Calif.-based Community Memorial Health System's series 2011 fixed rate revenue bonds, affecting $350 million of rated debt.
6. S&P assigns 'A' rating to University Hospitals
S&P assigned an "A" long-term rating to $100 million of series 2015A, 2015B and 2015C hospital revenue bonds issued on behalf of Cleveland-based University Hospitals by the Ohio Higher Education Facilities Commission.
7. Moody's assigns 'A2' ratings to University Hospitals Health System's bonds
Moody's Investors Service assigned an "A2" rating to Cleveland-based University Hospitals Health System's proposed series 2015A, 2015B and 2015C bonds, affecting approximately $1 billion of rated debt.
8. Fitch affirms Bayhealth Medical Center's bond rating
Fitch Ratings affirmed the "AA-" rating on $130.5 million of series 2009A revenue bonds issued on behalf of Bayhealth Medical Center, a two-hospital system based in Dover, Del., by the Delaware Health Facilities Authority.