Fitch affirms ‘BBB’ rating on Miami Jewish Health System

Fitch Ratings affirmed its “BBB” rating on Miami Jewish Health System’s series 2017 bonds, affecting $43.7 million of debt.

Advertisement

The affirmation is a result of several factors, including the health system’s wide service offerings for the elderly, adequate debt service coverage and solid liquidity metrics. Fitch also acknowledged the health system’s challenging payer mix with 67 percent Medicare and Medicaid patients.

The outlook is stable.

More articles on healthcare finance:
10 grants, donations to healthcare organizations in November
10 recent hospital, health system outlook and credit rating actions
Jackson Health System posts a profit for 6th consecutive year

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.