5 recent hospital outlook and 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.

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1. Fitch affirms ‘A+’ rating on Lahey Hospital’s bonds
Fitch Ratings affirmed the “A+” rating on $48.7 million of series D revenue bonds and $116 million of series C revenue bonds issued on behalf of Lahey Hospital and Medical Center in Burlington, Mass., which is part of Lahey Health.

2. Fitch affirms Karnes County Hospital District’s ‘BBB’ rating
Fitch Ratings affirmed the “BBB” rating on $46 million of Kenedy, Texas-based Karnes County Hospital District’s series 2014 bonds.

3. Moody’s affirms King’s Daughters’ Health’s ‘Baa2’ rating
Moody’s Investors Service affirmed the “Baa2” long-term rating on Madison, Ind.-based King’s Daughters’ Health’s series 2010 fixed rate revenue bonds.

4. Moody’s assigns ‘Aa3’ to Allina Health System’s bonds
Moody’s Investors Service assigned an “Aa3” rating to Minneapolis-based Allina Health System’s proposed $250 million of series 2015 fixed rate bonds.

5. Moody’s affirms Adventist Health System/Sunbelt Obligated Group’s bonds
Moody’s Investors Service affirmed Altamonte Springs, Fla.-based Adventist Health System Sunbelt Obligated Group’s “Aa2,” “AA2/VMIG 1” and “P-1” ratings on approximately $1.9 billion of outstanding debt.

More articles on healthcare finance:

HRSA releases 340B Program ‘mega guidance’: 18 key points
9 recent hospital bankruptcies, closures
Bankrupt Georgia hospital accused of putting patients at risk

 

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