S&P Upgrades Bond Rating for Carolinas Medical Center-Union in North Carolina
Standard & Poor's has upgraded $19.96 million long-term, fixed-rate bonds from Carolina Medical Center-Union in Monroe, N.C., to A+ with a stable outlook, according to a report in the Charlotte Business Journal.The 157-bed hospital's previous credit rating was A with a positive outlook.
The ratings agency cited the facility’s strong financial performance and debt-service coverage, ample liquidity, strong market share and its sound management through a long-term lease that Carolinas HealthCare System has with Union County, N.C.
Read the Charlotte Business Journal report on Carolina Medical Center-Union.
© Copyright ASC COMMUNICATIONS 2012. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.
To receive the latest hospital and health system business and legal news and analysis from Becker's Hospital Review, sign-up for the free Becker's Hospital Review E-weekly by clicking here.
Dow Jones
Company ID [INDEXDJX:.DJI] Last trade:12,369.38 Trade time:4:03PM EDT Value change:▼73.11 (-0.59%)NASDAQ
Company ID [INDEXNASDAQ:.IXIC] Last trade:2,778.79 Trade time:5:16PM EDT Value change:▼34.90 (-1.24%)S&P 500
Company ID [INDEXSP:.INX] Last trade:1,295.22 Trade time:4:33PM EDT Value change:▼9.64 (-0.74%)Channels