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:

Advertisement

  • $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

Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.