8 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.

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  1. Moody’s affirms Doctors Community Hospital’s ‘Baa3’ rating
Moody’s Investors Service affirmed Lanham, Md.-based Doctors Community Hospital’s “Baa3” rating, affecting approximately $143 million of revenue bonds issued through the Maryland Health and Higher Educational Facilities Authority.

2. S&P raises SwedishAmerican Hospital’s bond rating
Standard & Poor’s Ratings Services raised its long-term rating to “A” from “A-” on the Illinois Finance Authority’s series 2012 fixed rate bonds issued on behalf of SwedishAmerican Hospital in Rockford, Ill.  

3. Fitch upgrades Bryan Health’s rating to ‘AA-‘ from ‘A+’
Fitch Ratings has upgraded the rating to “AA-” from “A+” on Lincoln, Neb.-based Bryan Health’s revenue bonds.

4. Fitch affirms Temple University Health System’s ‘BB+’ rating
Fitch Ratings affirmed the “BB+” rating on Philadelphia-based Temple University Health System’s bonds.

5. Moody’s assigns ‘Baa2’ rating to Princeton HealthCare System’s bonds
Moody’s Investors Service assigned a “Baa2” rating to Plainsboro, N.J.-based Princeton HealthCare System’s proposed $212 million of series 2016A healthcare revenue bonds.

6. Moody’s revises Mercy Health’s outlook to stable
Moody’s Investors Service affirmed Chesterfield, Mo.-based Mercy Health’s “Aa3” rating, affecting approximately $874 million of fixed rate and auction rate revenue bonds. 

7. Moody’s affirms Fairfield Medical Center’s ‘Baa2’ rating
Moody’s Investors Service affirmed the “Baa2” rating on Lancaster, Ohio-based Fairfield Medical Center’s $95 million of outstanding rated bonds.

8. Moody’s affirms Saint Francis Health System’s ‘Aa2’ rating
Moody’s Investors Service affirmed the “Aa2” rating on Tulsa, Okla.-based Saint Francis Health System’s series 2006 bonds, affecting $200.5 million of outstanding debt.

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