7 recent hospital rating and outlook changes, affirmations

The following hospital and health system rating and outlook changes and affirmations took place during the past week, starting with the most recent.

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1. Moody’s assigns ‘A2′ rating to Scottsdale Healthcare Hospitals’ bonds
Moody’s Investors Service assigned an “A2” rating to the $315 million of series 2014A fixed rate revenue bonds issued on behalf of Scottsdale (Ariz.) Healthcare Hospitals, formerly Scottsdale Healthcare Corp.

2. Moody’s affirms Hays Medical Center’s ‘A2’ rating
Moody’s Investors Service affirmed Hays Medical Center’s “A2” bond rating, with the rating affecting approximately $58 million of outstanding debt issued through the Kansas Development Finance Authority.

3. Fitch assigns ‘A’ rating to Scottsdale Lincoln Healthcare Network’s bonds
Fitch Ratings assigned an “A” rating to approximately $315 million of series 2014A revenue bonds and $14.5 million of series 2006E bonds issued on behalf of Phoenix-based Scottsdale Lincoln Healthcare Network.

4. Moody’s affirms ‘A3’ rating assigned to Blessing Hospital’s bonds, outlook positive
Moody’s Investors Service affirmed the “A3” rating assigned to Quincy, Ill.-based BlessingHospital’s bonds, with the rating affirmation affecting $33 million of debt.

5. Fitch upgrades rating on Bon Secours Health System’s bonds
Fitch Ratings upgraded the rating on approximately $836 million of outstanding bonds issued on behalf of Marriottsville, Md.-based Bon Secours Health System to “A” from “A-.”

6. Moody’s affirms Mary Greeley Medical Center’s ‘A2’ rating
Moody’s Investors Service affirmed Ames, Iowa-based Mary Greeley Medical Center’s “A2” bond rating, which affects $64 million of series 2011 fixed rate revenue bonds.

7. Moody’s assigns ‘Aa3’ rating to Memorial Sloan-Kettering Cancer Center’s bonds
Moody’s Investors Service assigned an “Aa3” rating to up to $550 million of New York City-based Memorial Sloan-Kettering Cancer Center’s taxable, fixed rate series 2015 revenue bonds.

More articles on healthcare finance:

Fitch: Health insurance rating outlook stable for 2015
Kindred proposes offering $1.35B in notes to fund Gentiva acquisition
HCA to buy back half of Bain’s $1.13B stake in the hospital operator

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