Fitch affirms ‘BBB+’ on NYU Winthrop Hospital’s bonds

Fitch Ratings affirmed the “BBB+” rating on Mineola, N.Y.-based NYU Winthrop Hospital’s series 2012 revenue bonds, affecting $130 million of debt.

Advertisement

The affirmation is a result of several factors, including the hospital’s recent merger with New York City-based NYU Langone Health System, light debt burden and solid market position. Fitch also acknowledged the health system’s average operating performance, weak start to fiscal year 2017 and upcoming capital spending.

The outlook is stable. 

More articles on healthcare finance:
California hospital’s reporting errors cause Medicare to overpay 173 other facilities
Sen. Grassley: Tax-exempt hospitals shouldn’t need ‘herculean oversight’ to meet charitable obligations
CHI’s operating loss swells to $585.2M in FY 2017

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.