Financial Management

Fitch upgrades Tampa General Hospital’s bond rating

Fitch Ratings has upgraded the rating on Tampa (Fla.) General Hospital’s bonds issued through Tampa, Fla.-based Hillsborough County Industrial Development Authority from “A-” to “A”. The bonds are as follows:

By: Staff

Thursday, July 16th, 2015

$37 million of series 2013A hospital revenue refunding bonds
$161.7 million of series 2012A hospital revenue refunding bonds
$177.2 million of series 2006 hospital revenue bonds

The rating upgrade was based on a number of factors, including TGH’s strong liquidity, improved profitability and solid market position in a competitive area.

The outlook is stable.

More articles on finance:
Fitch affirms Wright Memorial Hospital’s bonds
Moody’s affirms Novant Health’s bond ratings
Moody’s revises Anderson Hospital’s outlook to positive

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