Fitch affirms Temple University Health System’s bond rating

Fitch Ratings has affirmed the “BB+” bond rating assigned to $308.3 million of series 2012A and B bonds and $208.3 million of series 2007A and B bonds issued on behalf of Philadelphia-based Temple University Health System.

Advertisement

The rating affirmation was supported by a number of factors, including the system’s improving operating performance trend. TUHS ended fiscal year 2014 with an operating loss of $15.8 million, which was better than the $24.8 million operating loss in the prior year.

The system also faces some challenges, which were considered for the rating affirmation, such as experiencing a decline in overall patient volumes.

More articles on healthcare finance:

CMS unveils overhaul to Medicaid managed care: 10 key points
10 recent hospital outlook and rating actions
Cone Health operating income soars 128% in Q1

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.