The following hospital and health system rating and outlook changes and affirmations took place during the past week, starting with the most recent.
1. Moody's assigns rating to Memorial Healthcare System's bonds
Moody's Investors Service assigned an "Aa3" rating to $164.3 million of Hollywood, Fla.-based Memorial Healthcare System's proposed fixed-rate revenue bonds.
2. Moody's affirms Torrance Memorial Medical Center's bond rating
Moody's Investors Service affirmed the "A3" bond rating on Torrance (Calif.) Memorial Medical Center's bonds.
3. Moody's upgrades Sharp HealthCare's bond rating
Moody's Investors Service upgraded the long-term and underlying revenue bond ratings on San Diego-based Sharp HealthCare's to "Aa3" from "A1."
4. Moody's affirms Catholic Medical Center's 'Baa1' rating
Moody's Investors Service affirmed the "Baa1" long-term rating assigned to $65.1 million of outstanding bonds issued on behalf of 235-bed Catholic Medical Center in Manchester, N.H.
5. Moody's upgrades Mercy Medical Center's outlook to stable
Moody's Investors Service affirmed Chicago-based Mercy Medical Center's "A2" rating, affecting approximately $115 million of revenue bonds.
6. Fitch assigns 'BB' rating to Memorial Health System's bonds
Fitch Ratings assigned a "BB" rating to $60 million of series 2015 revenue bonds that are expected to be issued on behalf of Marietta, Ohio-based Memorial Health System.
7. Fitch affirms Monongalia Health System's bond rating
Fitch Ratings affirmed the "A-" rating on series 2011, 2008A, 2008B and 2005A bonds issued on behalf of Morgantown, W.Va.-based Monongalia Health System.
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