Fitch affirms ‘A’ rating on Tampa General Hospital’s bonds

Fitch Ratings affirmed the ‘A’ rating on Tampa (Fla.) General Hospital’s bonds issued by the Hillsborough County Industrial Development Authority, affecting $190.4 million of rated debt.

Advertisement

The affirmation is a result of several factors, including the hospital’s healthy liquidity measures, strong market position and small debt burden. Fitch also acknowledged the hospital’s weakening operating margin.

The outlook is stable.

More articles on healthcare finance:
Bankrupt Arizona hospital asks court to end levy for Medicaid expansion
W.Va clinic receives $2M grant
Mercy Health System adopts new billing system

At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.

Download Whitepaper

The cost-saving opportunity most health systems overlook

Many hospitals and health systems scrutinize staffing, service lines, and payer contracts for savings. Fewer look at one of their largest assets: real estate.…

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.