Fitch affirms 'A-' rating on Mon Health System's bonds

Fitch Global Ratings affirmed the "A-" rating on Morgantown, W.Va.-based Mon Health System bonds, including:

  • $55.1 million of series 2015 bonds
  • $18.6 million of series 2011 bonds
  • $34.5 million of series 2008A bonds
  • $12.7 million of series 2008B bonds

The rating affirmations are based on a number of factors, including the health system's slimmer financial results, its potential merger with Weston, W.Va.-based Stonewall Jackson Memorial Hospital and increasingly competitive market.

The outlook is stable.

More articles on healthcare finance:
Moody's affirms 'A1' rating on Jackson-Madison County General Hospital's outstanding debt
Moody's assigns 'A1' rating to Children's Hospital & Medical Center's bonds
Moody's assigns 'Caa1' rating to Good Shepherd Health System's bonds

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