16 recent hospital outlook and credit rating actions

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

1. Moody's affirms 'Aa1/VMIG 1' on North Broward Hospital District's bonds
Moody's Investors Service affirmed the "Aa1/VMIG 1" ratings on the letter of credit-backed series 2005A hospital refunding revenue bonds issued to Fort Lauderdale, Fla.-based North Broward Hospital District, affecting $48.2 million of debt.

2. Fitch assigns 'A-' rating to Lafayette General Health System's bonds
Fitch Ratings assigned an "A-" rating to Lafayette (La.) General Health System's hospital revenue and refunding bonds.

3. S&P revises outlook on Campbell County Hospital District's bonds
Standard & Poor's revised its outlook to stable from negative and affirmed the "A-" long-term rating on Gillette, Wyo.-based Campbell County Hospital District's 2009 hospital revenue bonds. 

4. Fitch affirms University Health System's 'AAA' rating
Fitch Ratings affirmed the "AAA" rating on San Antonio-based University Health System's series 2008, 2009A, 2009B and 2010B aggregate COs, affecting $695.6 million.

5. S&P downgrades Mission Regional Medical Center’s rating to 'BB+'
Standard & Poor's Rating Services lowered the rating to "BB+" from "BBB-" on Mission (Texas) Regional Medical Center's series 2005, 2007 and 2008 bonds. 

6. Moody's downgrades Cameron Memorial Community Hospital's rating to 'MIG 3'
Moody's Investors Service downgraded the rating to "MIG 3" from "MIG 2" on Angola, Ind.-based Cameron Memorial Community Hospital's series 2013A bond anticipation notes, affecting $37 million of outstanding debt. 

7. Moody's downgrades Lafayette General Medical Center's rating
Moody's Investors Service downgraded Lafayette (La.) General Medical Center's rating to "Baa1" from "A3" and assigned a "Baa1" rating to its proposed $101 million of series 2016A and 2016B revenue bonds.

8. S&P raises Lawrence Hospital's bond rating 2 notches
Standard & Poor's Ratings Services raised its rating on Westchester County Industrial Development Agency's series 1998 bonds issued on behalf of Bronxville, N.Y.-based Lawrence Hospital to "A" from "BBB+." 

9. S&P raises Cheshire Medical Center's bond rating based on ties to Dartmouth-Hitchcock
Standard & Poor's Ratings Services raised its rating on New Hampshire Health & Educational Facilities Authority's 2012 revenue bonds issued on behalf of Keene, N.H.-based Cheshire Medical Center to "A" from "A-."  

10. S&P revises Norton Healthcare's outlook to positive
Standard & Poor's Ratings Services revised its outlook to positive from stable on bonds issued on behalf of Louisville, Ky.-based Norton Healthcare by the Louisville & Jefferson County Metropolitan Government.

11. S&P raises Rogers Memorial Hospital's outlook to positive
Standard & Poor's Ratings Services revised its outlook to positive from stable on the Wisconsin Health and Educational Facilities Authority's $51.5 million series 2014A and 2014B bonds issued on behalf of RogersMemorialHospital, a behavioral health hospital with locations throughout Wisconsin. 

12. Fitch upgrades Washington Hospital's rating to 'A-' from 'BBB+'
Fitch Ratings upgraded the rating to "A-" from "BBB+" on Washington (Pa.) Hospital's variable rate demand bonds and fixed rate bonds.

13. Fitch affirms Mount Sinai Hospital's 'A' rating
Fitch Ratings affirmed the "A" rating on New York City-based Mount SinaiHospital's revenue bonds and tax-exempt revenue bonds.

14. Moody's affirms H. Lee Moffitt Cancer Center’s 'A3' rating
Moody's Investors Service affirmed the "A3" rating assigned to Tampa, Fla.-based H. Lee Moffitt Cancer Center's bonds, affecting approximately $143 million of debt.

15. Moody's upgrades Bon Secours Health System's rating to 'A2'
Moody's Investors Service upgraded the rating on Marriottsville, Md.-based Bon Secours Health System's bonds to "A2" from "A3," affecting approximately $761 million of debt. 

16. Fitch upgrades Hurley Medical Center's rating to 'BBB-'
Fitch Ratings upgraded the rating to "BBB-" from "BB+" on Flint, Mich.-based Hurley Medical Center's revenue bonds, revenue rental bonds and revenue refunding bonds.

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

 

Featured Whitepapers

Featured Webinars

>