S&P has 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.
S&P also affirmed its "A" long-term rating on the following bonds issued by the OHEFC on behalf of University Hospitals:
- Series 2012C
- Series 2013A
- Series 2013B
- Series 2014A
- Series 2014B
"The ratings reflect our view of the health system's continued solid financial performance, improving utilization statistics and strong management team," said Brian Williamson, an S&P analyst.
The system's outlook is stable.
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