S&P Global Ratings has assigned its "A-" long-term rating to $89 million series 2016 B green bonds issued on behalf of University of Vermont Medical Center in Burlington by the Vermont Educational & Health Building Financing Agency.
Proceeds from the bonds will be used to help cover the cost of a $175 million construction project underway at University of Vermont Medical Center, which is the flagship of Burlington-based University of Vermont Health Network.
Jennifer Soule, an analyst at S&P Global Ratings, said the "A-" rating reflects the credit rating agency's view of the hospital's solid enterprise and financial profiles.
The hospital's outlook is stable.
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