Fitch assigns ‘A+’ rating to CentraCare’s bonds

Fitch Ratings has assigned an “A+” rating to St. Cloud, Minn.-based CentraCare Health System’s series 2016A revenue refunding bonds, affecting $203 million.

Advertisement

The rating assignment is based on a number of factors, including CentraCare’s strong market position, solid liquidity and consistent operating profitability.

The outlook is stable.

Fitch Ratings also affirmed the “A+” rating on CentraCare’s $229 million of outstanding bonds.

More articles on healthcare finance:
OIG: Missouri hospital received $81k in Medicare overpayments
Louisiana still recovering from financial shock of LSU hospital privatization
Urgent Team signs DocuTAP for billing services

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.