Fitch upgrades Nicklaus Children’s Hospital rating

Fitch Ratings has upgraded the rating on the following bonds issued by the Miami-Dade Health Facilities Authority on behalf of Miami-based Nicklaus Children's Hospital, formerly known as Miami Children's Hospital.

  • $104.4 million of series 2013 fixed rate bonds
  • $25.6 million of series 2011 fixed rate bonds
  • $40.7 million of series 2010A fixed rate bonds
  • $63.2 million of series 2010B privately placed indexed floating rate bonds

The rating upgrade was supported by a number of factors, including the hospital's continued financial strengthening, ongoing construction projects, high Medicaid exposure and its position as a leader in pediatric services.

Fitch expects NCH to continue to sustain its financial performance.

The outlook is stable.

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

 

Featured Whitepapers

Featured Webinars