S&P Upgrades Bond Rating for Carolinas Medical Center-Union in North Carolina
June 08, 2010
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.
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