8 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.

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1. S&P assigns ‘AA-‘ rating to Sutter Health’s bonds
Standard & Poor’s Ratings Services assigned an “AA-” long-term rating to Sacramento, Calif.-based Sutter Health’s $500 million of series 2016A revenue bonds.

2. Fitch assigns ‘A-‘ to UMass Memorial Health Care’s bonds
Fitch Ratings assigned an “A-” rating to Worcester-based UMass Memorial Health Care’s 2016I revenue bonds, affecting $177 million.

3. Moody’s assigns ‘Aa3’ to Sutter Health’s bonds
Moody’s Investors Service assigned an “Aa3” rating to Sacramento, Calif.-based Sutter Health’s proposed series 2016A fixed rate revenue bonds and affirmed the “Aa3” ratings on Sutter’s outstanding parity debt. 

4. Moody’s revises Indiana University Health’s outlook to positive
Moody’s Investors Service assigned “Aa3” ratings to Indianapolis-based Indiana University Health’s proposed bonds.

5. Moody’s assigns ‘A3’ to University of Vermont Health Network’s bonds
Moody’s Investors Service assigned an “A3” rating to Burlington-based University of Vermont Health Network’s proposed series 2016A revenue bonds, affecting $73 million. 

6. S&P lowers ratings on Partners Healthcare System’s bonds to ‘AA-‘
Standard & Poor’s Ratings Services lowered its long-term and underlying ratings to “AA-” from “AA” on Boston-based Partners Healthcare System’s debt.

7. Fitch assigns ‘A-‘ University of Vermont Medical Center’s bonds
Fitch Ratings assigned an “A-” rating to Burlington-based University of Vermont Medical Center’s series 2016A revenue bonds, affecting $72.6 million

8. S&P affirms rating on Tarrant County Hospital District’s GO debt
Standard & Poor’s Ratings Services affirmed its “AAA” long-term and underlying ratings on Texas-based Tarrant County Hospital District’s general obligation debt.

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