25 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. Fitch revises John Fitzgibbon Memorial Hospital's outlook to negative 
Fitch Ratings revised Marshall, Mo.-based John Fitzgibbon Memorial Hospital's outlook to negative from stable.

2. Fitch assigns 'AA-' rating to UPMC's bonds
Fitch Ratings assigned an "AA-" rating to Pittsburgh-based UPMC's $300 million of series 2016 revenue bonds. 

3. S&P assigns 'AA-' rating to Providence St. Joseph Health's bonds
S&P Global Ratings assigned an "AA-" long-term rating to Renton, Wash.-based Providence St. Joseph Health's $341 million of series 2016H and $341 million of series 2016I bonds.

4. S&P assigns 'A-' rating to Northwell Health's bonds
S&P Global Ratings assigned an "A-" long-term rating to New Hyde Park, N.Y.-based Northwell Health's $500 million of series 2016 bonds.

5. S&P assigns 'A-' rating to Baptist Memorial Health Care's bonds
S&P Global Ratings assigned an "A-" long-term rating to Memphis, Tenn.-based Baptist Memorial Health Care's series 2016A and series 2016B bonds.

6. Fitch assigns 'A+' rating to Holland Community Hospital's bonds 
Fitch Ratings assigned an "A+" rating to Holland (Mich.) Community Hospital's $39.2 million of series 2016A bonds and $36.7 million of series 2013A bonds. 

7. Moody's revises Doylestown Hospital's outlook to stable
Moody's Investors Service revised Doylestown (Pa.) Hospital's outlook to stable from negative.

8. Moody's assigns 'Aa3' rating to Providence St. Joseph Health's bonds
Moody's Investors Service assigned an "Aa3" rating to Renton, Wash.-based Providence St. Joseph Health's series 2016H and series 2016I bonds, affecting $681 million. 

9. Moody's reviews Southeast Georgia Health System's LOC-backed certificates
At the request of Brunswick-based Southeast Georgia Health System, Moody's Investors Service reviewed documents submitted in connection with the issuance of a substitute letter of credit in support of SGHS' series 2008B certificates. 

10. S&P revises University of Pittsburgh Medical Center's outlook to stable
S&P Global Ratings revised the University of Pittsburgh Medical Center's outlook to stable from negative and affirmed the "A+" long-term rating and underlying rating on its bonds.

11. Moody's changes Quorum's outlook to negative
Moody's Investors Service changed Brentwood, Tenn.-based Quorum Health Corporation's outlook to negative from stable. 

12. Fitch assigns 'AA-' ratings to Providence St. Joseph Health's bonds
Fitch Ratings assigned "AA-" ratings to Renton, Wash.-based Providence St. Joseph Health's bonds.

13. Fitch assigns 'A-' rating to Marshfield Clinic Health System's bonds
Fitch Ratings assigned an "A-" rating to Eau Claire, Wis.-based Marshfield Clinic Health System's $193 million of series 2016A and 2016B revenue bonds.

14. Moody's reinstates rating on OSF Healthcare System's bonds
Moody's Investors Service assigned credit enhanced "Aa2/VMIG 1" ratings to Peoria, Ill.-based OSF Healthcare System's series 2007E and series 2007F bonds. 

15. Moody's revises University of Alabama Hospital's outlook to positive
Moody's Investors Service revised University of Alabama Hospital at Birmingham's outlook to positive. 

16. Moody's assigns 'A3' rating to Northwell Health's bonds
Moody's Investors Service assigned an "A3" rating to New Hyde Park, N.Y.-based Northwell Health's proposed $500 million of series 2016A bonds.

17. Moody's upgrades North Broward's long-term JDA rating to 'Aa1'
Moody's Investors Service upgraded the long-term joint default analysis line of credit-backed rating to "Aa1" from "Aa3" on Fort Lauderdale, Fla.-based North Broward Hospital District's series 2005A bonds.

18. Moody's changes Bronson Healthcare Group's outlook to stable
Moody's Investors Service changed Kalamazoo, Mich.-based Bronson Healthcare Group's outlook to stable from negative.

19. Fitch revises Hackensack University Medical Center's outlook to positive
Fitch Ratings revised Hackensack (N.J.) University Medical Center's outlook to positive from stable and upgraded the rating to "A" from "A-" on its bonds.

20. Fitch affirms Southeastern Regional Medical Center's 'A' rating
Fitch Ratings affirmed the "A" rating on Lumberton, N.C.-based Southeastern Regional Medical Center's $33.5 million of series 2012 revenue bonds.

21. Moody's assigns 'A3' rating to Parkview Medical Center's bonds
Moody's Investors Service assigned an "A3" rating to Pueblo, Colo.-based Parkview Medical Center's proposed series 2016 fixed rate revenue bonds to be issued by the Colorado Health Facilities Authority.

22. Fitch maintains negative rating watch on Rehoboth McKinley Christian Health Care Services' bonds
Fitch Ratings maintained its negative rating watch on Gallup, N.M.-based Rehoboth McKinley Christian Health Care Services' $5.6 million of series 2007A bonds, which currently have a "B" rating.

23. Fitch upgrades Norman Regional Hospital Authority's bonds to 'BBB,' withdraws rating
Fitch Ratings upgraded to "BBB" from "BBB-" and simultaneously withdrew the rating on Norman (Okla.) Regional Hospital Authority's following bonds:

24. Fitch affirms Trinity Mother Frances Health System's 'BBB+' rating
Fitch Ratings affirmed the "BBB+" rating on Tyler, Texas-based CHRISTUS Trinity Mother Frances Health System's following bonds: 

25. S&P assigns 'AA' rating to Mayo Clinic's bonds
S&P Global Ratings assigned an "AA" rating to Rochester, Minn.-based Mayo Clinic's $290 million of series 2016B bonds.

More articles on healthcare finance:
Healthcare Payment Specialists expands RCM offerings: 5 things to know
7 hospitals receive credit downgrades in past month
MultiCare, First Choice Health ink value-based care contract 

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

 

Featured Whitepapers

Featured Webinars

>