The bonds include:
- $77,481,000 of series 2014A economic assistance corporation bonds
- $45,918,000 of series 2014B economic assistance corporation bonds
- $42,901,000 of series 2014C economic development corporation bonds
- $166,442,000 of series 2011 economic development corporation bonds
- $59,988,000 of series 2011 economic assistance and financing corporation bonds
- $29,673,000 of series 1999B New York state dormitory authority bonds
The ratings upgrade is based on a variety of factors, including CHI’s continued operating performance improvement, moderate debt burden and solid liquidity.
The outlook is stable.
Editor’s note: This article was updated Mon., March 27. An earlier version of this article misstated that the bond rating change applied to Catholic Health Initiatives. Becker’s regrets the error.
More articles on healthcare finance:
Moody’s downgrades rating on CHI’s debt to ‘Baa1’
Moody’s affirms ‘A3’ rating on Torrance Memorial Medical Center’s bonds
Moody’s assigns ‘Aa3’ rating to Allina Health System’s bonds
