Fitch Ratings affirmed the “BBB-” rating on $18.8 million series 2016 revenue bonds and $27.7 million series 2012 hospital and refunding bonds issued by Hospital Facilities Authority of the City of Astoria on behalf of Columbia Memorial Hospital in Astoria, Ore.
The affirmation results from a number of factors, including CMH’s increased revenue, consistent cash flow, manageable debt and ability to handle patient volume.
The outlook is stable.
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