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

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.

Download Whitepaper

The cost-saving opportunity most health systems overlook

Many hospitals and health systems scrutinize staffing, service lines, and payer contracts for savings. Fewer look at one of their largest assets: real estate.…

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.