Fitch affirms South Shore Hospital’s bond rating

Fitch Ratings has affirmed the “A-” rating assigned to $17.3 million in series 1999F revenue bonds and $10.7 million in series 1992D revenue bonds issued on behalf of South Shore Hospital in South Weymouth, Mass.

Advertisement

The rating affirmation was supported by a number of factors, including SSH’s solid operating footprint in South Weymouth, with approximately half of the inpatient market share in its primary service area.

The hospital also faces some challenges, which were considered for the rating affirmation, such as an improving but elevated debt burden. 

 

More articles on healthcare finance:

CMS delays RAC enforcement of ‘two-midnight’ rule 
The ultimate cheat sheet on Medicare’s chronic care management program
Hospital-insurer disputes: Are things about to get ugly?

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.