Fitch assigns 'BBB' rating to Holy Redeemer Health System's bonds

Fitch Ratings has assigned a "BBB" rating to Huntingdon Valley, Pa.-based Holy Redeemer Health System's $70.9 million of series 2016A bonds.

The rating assignment is based on a number of factors, including HRHS' solid liquidity, revenue diversification and manageable debt burden.

Fitch also affirmed the "BBB" rating on HRHS' following bonds:

  • $30 million of series 2006A bonds
  • $46.3 million of series 2014A bonds

The outlook is stable.

More articles on healthcare finance:
S&P raises Susquehanna Health's rating to 'A+'
Moody's assigns initial 'A1' rating to UAB Medicine's bonds
Boca Raton Regional Hospital sees net income plummet 68%

© Copyright ASC COMMUNICATIONS 2020. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.


Featured Webinars

Featured Whitepapers