19 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.

1. Moody's affirms Scripps Health's 'Aa3' rating
Moody's Investors Service affirmed San Diego-based Scripps Health's "Aa3" underlying and long-term ratings, in addition to the "Aa3/VMIG 1" rating on its 2012 variable rate demand bonds.

2. Moody's assigns 'A2' rating to Mary Greeley Medical Center's bonds
Moody's Investors Service assigned an "A2" rating to Ames, Iowa-based Mary Greeley Medical Center's proposed $66 million of series 2016 fixed rate revenue bonds.

3. Moody's downgrades Northeast Ohio Medical University's rating to 'Baa2'
Moody's Investors Service downgraded the rating on Rootstown-based Northeast Ohio Medical University's series 2010 and 2011 general receipts bonds to "Baa2," affecting approximately $40 million.

4. S&P lowers Catholic Health Initiatives' rating to 'A-'
Standard & Poor's Ratings Services lowered its long-term and underlying ratings to "A-" from "A" on Englewood, Colo.-based Catholic Health Initiatives' debt. 

5. Fitch revises Ochsner Clinic Foundation's outlook to stable
Fitch Ratings revised Ochsner Clinic Foundation's outlook to stable from positive and assigned an "A-" rating to its $150 million of series 2016 refunding revenue bonds.

6. S&P revises Peninsula Regional Medical Center's outlook to stable
Standard & Poor's Ratings Services revised the outlook to stable from positive and affirmed the "A" rating on Salisbury, Md.-based Peninsula Regional Medical Center's series 2015 bonds.

7. S&P assigns 'A+' rating to Saint Luke's Health System's bonds
Standard & Poor's Ratings Services assigned an "A+" rating to Kansas City, Mo.-based Saint Luke's Health System's series 2016 revenue bonds. 

8. S&P lowers Baptist Health South Florida's rating to 'AA-'
Standard & Poor's Ratings Services lowered its long-term rating to "AA-" from "AA" on Coral Gables-based Baptist Health South Florida's $250 million of series 2011 taxable notes.

9. Moody's upgrades Blessing Hospital's bond ratings to 'A2'
Moody's Investors Service upgraded the rating to "A2" from "A3" on Quincy, Ill.-based BlessingHospital's $27 million of outstanding debt.

10. S&P assigns 'A-' rating to CareGroup's bonds
Standard & Poor's Ratings Services assigned an "A-" long-term rating to Boston-based CareGroup's series 2016 revenue bonds, affecting $321 million. 

11. Fitch assigns 'A+' rating to CentraCare's bonds
Fitch Ratings assigned an "A+" rating to St. Cloud, Minn.-based CentraCare Health System's series 2016A revenue refunding bonds, affecting $203 million.

12. Fitch affirms Einstein Healthcare Network's 'BBB' rating
Fitch Ratings affirmed the "BBB" rating on Philadelphia-based Einstein Healthcare Network's $478.8 million of series 2015A revenue bonds. 

13. Moody's assigns 'A1' rating to Saint Luke's Health System's bonds
Moody's Investors Service assigned an "A1" rating to Kansas City, Mo.-based Saint Luke's Health System's proposed series 2016 fixed rate revenue bonds, affecting $260 million. 

14. Moody's rates MercyRockford Health System's bonds, downgrades Mercy Alliance's rating
Moody's Investors Service assigned an "A3" rating to Rockford, Ill.-based MercyRockford Health System's proposed series 2016 bonds; affirmed MRHS' "A3" issuer rating; and downgraded Janesville, Wis.-based Mercy Alliance's rating to "A3" from "A2." 

15. Moody's affirms Palmetto Health's 'Baa1' rating
Moody's Investors Service affirmed Columbia, S.C.-based Palmetto Health's "Baa1" rating, affecting $484 million of debt. 

16. Moody's assigns 'Aa2/NR' to Mayo Clinic's bonds
Moody's Investors Service assigned an "Aa2/NR" rating to Rochester, Minn.-based Mayo Clinic's proposed $125 million of series 2016 bonds issued by the City of Jacksonville (Fla.) and $75 million of series 2016 bonds issued by the City of Rochester (Minn.).

17. Moody's assigns 'Aa2' and 'Aa2/VMIG 1' ratings to Inova Health System's bonds
Moody's Investors Service assigned an "A2" rating to Falls Church, Va.-based Inova Health System's series 2016A and 2016B bonds, as well as an "Aa2/VMIG 1" rating to Inova's series 2016C bonds. 

18. Moody's assigns 'A2' rating to Southern Ohio Medical Center's bonds
Moody's Investors Service assigned an "A2" rating to Portsmouth-based Southern Ohio Medical Center's proposed series 2016 fixed rate bonds, affecting $124 million.

19. S&P raises Kettering Health Network's bond rating to 'A+'
Standard & Poor's Ratings Services raised its rating from "A" to "A+" on bonds issued on behalf of Dayton, Ohio-based Kettering Health Network. 

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