Fitch downgrades All Children's Hospital bonds to 'AA-' rating

Fitch Ratings has downgraded the rating on $63.6 million in series 2009A bonds issued on behalf of 259-bed All Children's Hospital in St Petersburg, Fla., to "AA-" from "AA."

The rating downgrade was driven by ACH becoming part of the obligated group of Baltimore-based Johns Hopkins Health System (rated "AA-"). The rating reflects the closing of the transaction.

Fitch predicts Johns Hopkins, an ACH corporate member, will maintain its current operating performance, which created a 3.7 percent operating margin and a 9.6 percent operating EBITDA margin in fiscal year 2014.


Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.


Featured Whitepapers

Featured Webinars