Fitch affirms East Texas Medical Center’s ‘BBB-‘ rating

Fitch Ratings has affirmed the “BBB-” rating on Tyler-based East Texas Medical Center’s following bonds:

Advertisement

  • $35.8 million of series 2011 bonds
  • $250 million of series 2007A bonds

The outlook remains negative.

The rating affirmation and maintenance of the negative outlook are based on a number of factors, including ETMC’s elevated debt load, weak financial profile and declining market share.

More articles on healthcare finance:
Lee Memorial reports $77M operating income
7 findings on US medical and health R&D spend
5 most-read finance stories: Week of Sept. 19-23

At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.