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.

1. S&P revises Bayhealth Medical Center's outlook to positive
S&P affirmed its "A+" rating on series 2009A revenue bonds issued on behalf of Dover, Del.-based Bayhealth Medical Center by the Delaware Health Facilities Authority and revised its outlook on Bayhealth to positive from stable. 

2. S&P upgrades UMass Memorial Health Care's outlook to stable
S&P revised the outlook to stable from negative and affirmed its "BBB+" underlying rating on series 1998A and 1998B bonds issued for Worcester-based UMass Memorial Medical Center, a subsidiary of UMass Memorial Health Care.

3. S&P revises Decatur Hospital Authority's outlook to positive
S&P revised the outlook to positive from stable and affirmed the "BB+" long-term rating on Decatur (Texas) Hospital Authority's series 2014 revenue bonds.

4. Moody's affirms 'Aa2/VMIG 1' on CHRISTUS Health's bonds
Moody's Investors Service affirmed Irving, Texas-based CHRISTUS Health's "Aa2/VMIG 1" letter of credit-backed series 2008C-1 bonds, affecting $41.44 million of debt. 

5. Moody's affirms Community Memorial Health's 'Ba2' rating
Moody's Investors Service affirmed the "Ba2" rating on Ventura, Calif.-based Community Memorial Health System's series 2011 fixed rate revenue bonds, affecting $350 million of rated debt. 

6. S&P assigns 'A' rating to University Hospitals
S&P assigned an "A" long-term rating to $100 million of series 2015A, 2015B and 2015C hospital revenue bonds issued on behalf of Cleveland-based University Hospitals by the Ohio Higher Education Facilities Commission. 

7. Moody's assigns 'A2' ratings to University Hospitals Health System's bonds
Moody's Investors Service assigned an "A2" rating to Cleveland-based University Hospitals Health System's proposed series 2015A, 2015B and 2015C bonds, affecting approximately $1 billion of rated debt. 

8. Fitch affirms Bayhealth Medical Center's bond rating
Fitch Ratings affirmed the "AA-" rating on $130.5 million of series 2009A revenue bonds issued on behalf of Bayhealth Medical Center, a two-hospital system based in Dover, Del., by the Delaware Health Facilities Authority.

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