The “A” rating was affirmed for the following revenue bonds:
- $138,415,000 fixed rate bonds series 2012A
- $135,180,000 fixed rate bonds series 2009A
- $11,490,000 fixed rate bonds series 1993A
The bonds are secured by a gross revenue pledge by Abington, which included Abington Memorial Hospital, Abington Health Foundation and Lansdale (Pa.) Hospital.
Abington has several strengths supporting its rating and its stable outlook. As of March 31, Abington had unrestricted cash and investments that totaled $638 million, equating to 321 days cash on hand.
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