Fitch affirms Catholic Health Services of Long Island's 'BBB+' rating

Fitch Ratings has affirmed the "BBB+" rating on Rockville Centre, N.Y.-based Catholic Health Services of Long Island's following bonds:

  • $80.4 million of series 2014 bonds
  • $48.2 million of series 2014B bonds
  • $41.2 million of series 2014C bonds
  • $173 million of series 2011 bonds
  • $60.2 million of series 2011 bonds
  • $31.4 million of series 1999B bonds

The rating affirmation is based on several factors, including the system's improved operating performance and solid liquidity.

The outlook is stable.

More articles on healthcare finance:
Budget impasse could leave Temple University Hospital without $19M in needed funds
CHS spinoff issues 2016 financial outlook
Nashville's safety-net hospital needs $7.5M to pay late bills

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