Fitch affirms Presence Health Network’s ‘BBB’ rating

Fitch Ratings has affirmed the “BBB” rating on Chicago-based Presence Health Network’s $970 million of series 2016C revenue bonds.

Advertisement

The rating affirmation is based on several factors, including Fitch’s belief that Presence will begin producing better than breakeven operating margin by fiscal year 2017.

The outlook is negative.

More articles on healthcare finance:
Tenn. city will use taxpayer dollars to pay air ambulance bills for residents
Fitch downgrades Catholic Health Initiatives’ bond rating to ‘BBB+’
S&P assigns ‘A+’ rating to Lehigh Valley Health Network’s bonds

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.