13 recent hospital, health system outlook and credit rating actions

The following hospital and health system credit rating and outlook changes or affirmations occurred in the last week, beginning with the most recent:

1. Fitch Ratings upgrades Benefis Health System rating to 'A+'

Fitch Ratings upgraded its rating for Great Falls, Mont.-based Benefis Health System's outstanding revenue bonds from "A" to "A+."

2. Moody's affirms 'A3' rating for Calvert Health System

Moody's Investor Service affirmed its"A3" rating for Prince Frederick, Md.-based Calvert Health System's Series 2013 bonds, affecting $30.43 million of outstanding debt.

3. Moody's affirms Trinitas Regional Medical Center's 'Baa2' rating

Moody's Investor Service affirmed its "Baa2" rating for Elizabeth, N.J.-based Trinitas Regional Medical Center's outstanding revenue bonds, worth $89.6 million.

4. Moody's assigns 'Aa3' rating to University of Wisconsin Hospital and Clinics bonds

Moody's Investor Service has assigned an "Aa3" rating to Madison-based University of Wisconsin Hospital and Clinics' proposed revenue bonds, affecting  $450 million of debt.

5. Moody's assigns 'A1' rating to Christus Health bonds

Moody's Investor Service assigned an "A1" rating to Irving, Texas-based Christus Health's proposed bonds and affirmed an "A1" rating on the system's parity debt.

6. Moody's assigns 'A1' rating to Phoenix Children's Hospital

Moody's Investor Service has assigned an "A1" rating to Phoenix (Ariz.) Children's Hospital's outstanding bonds, affecting $552 million of debt.

7. S&P downgrades St. Charles Parish Hospital District long-term rating to 'B'

S&P Global Ratings downgraded St. Charles Parish Hospital District No. 1's long-term rating from "A" to "B.

8. Moody's affirms 'Ba3' rating on MaineGeneral Medical Center

Moody's Investors Service affirmed its "Ba3" rating on Augusta-based MaineGeneral Medical Center's outstanding bonds, affecting $280 million of debt.

9. Moody's affirms 'A1' rating on Vidant Health

Moody's Investors Service affirmed its "A1" rating on Greenville, N.C.-based Vidant Health's bonds, affecting $430 million of debt.

10. S&P revises Holy Name Medical Center's outlook to stable from negative

S&P Global Ratings affirmed its "BBB" long-term rating on Teaneck, N.J.-based Holy Name Medical Center, affecting $55.3 million of debt. Concurrently, S&P revised the medical center's outlook to stable from negative.

11. Moody's affirms 'Ba1' rating on Oaklawn Hospital

Moody's Investors Service affirmed its "Ba1" rating on Marshall, Mich.-based Oaklawn Hospital, affecting $63.5 million of outstanding debt.

12. Moody's assigns 'Aa3' to Mercy Health

Moody's Investors Service assigned its its "Aa3" rating to St. Louis-based Mercy Health's proposed $230 million series 2018A-B. Concurrently, Moody's affirmed its "Aa3" rating on the health system.

13. Moody's downgrades East Jefferson General Health to 'Caa1,' maintains negative outlook

Moody's Investors Service downgraded Metairie, La.-based East Jefferson General Health's rating to "Caa1" from "B3," affecting $142 million of rated debt.

More articles on healthcare finance:

Medicare proposal could increase out-of-pocket expenses for rheumatoid arthritis patients
Georgia reopens tax credit program benefiting rural hospitals: 4 things to know
A year later, Charlottesville rally victims have questions about medical bills

© Copyright ASC COMMUNICATIONS 2018. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Top 40 Articles from the Past 6 Months