Hospitals with BoA-backed bonds that do not take some kind of action may wind up paying a higher interest rate on an accelerated amortization schedule, according to the report. HFA Partners recommends hospitals evaluate three options if a downgrade does occur:
• Get a substitute letter of credit.
• Refinance with a bank direct placement.
• Refinance with a public offering.
To read the entire HFA Partners article, click here.
More Articles on Hospital Bonds:
18 Hospitals With Tax-Exempt, Fixed-Rate Bond Issues in Past Month
Should Hospitals Start Disclosing Bank Loans on EMMA?
Hospital Bond Volumes Down 27% in 1Q of 2012
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
