Moody’s has assigned an “A1” rating to the series 2015A hospital revenue refunding bonds, which have an expected sale date of Jan. 21.
The rating assignment was based on a number of factors, including Beaumont’s dominant market position, with a leading 31 percent market share in its service area.
Beaumont has a stable financial outlook; however, Moody’s said “unexpected deviations from projections due to the inability to effect a smooth merger of the three legacy organizations may result in a rating downgrade.”
More articles on healthcare finance:
IRS releases new rules for tax-exempt hospitals’ collection practices
US could save nearly $1B by reducing number of emergency surgeries, study finds
New law in Illinois promotes price transparency
