According to Fitch Ratings and Standard & Poor’s Ratings Services, St. Tammany holds bond ratings of A and A-, respectively.
CFO Tim Lessing said the hospital is selling the bonds because it is in a position to eliminate its debt sooner than originally planned, according to the report.
Related Articles on Hospital Bonds:
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23 Hospitals Issued Tax-Exempt, Fixed-Rate Bonds in Last 30 Days
Children’s Hospital of Philadelphia Sells $270M in Bonds
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