Moody’s affirms ‘A1’ rating on Phoebe Putney Memorial Hospital’s bonds

Moody’s Investors Service affirmed the “A1” rating on Albany, Ga.-based Phoebe Putney Memorial Hospital’s $102 million of fixed-rate bonds.

Advertisement

The rating affirmation is based on a variety of factors, including the hospital’s leading market share position and overall good financial results.

The outlook is stable, reflecting Moody’s Investors Service’s expectation that the hospital’s 2017 performance will improve and the hospital’s absolute cash balances will increase.

More articles on healthcare finance:
S&P assigns ‘AA’ rating to Boston Children’s Hospital’s bonds
Moody’s assigns ‘Aa2’ rating to Boston Children’s Hospital’s bonds
11 recent hospital outlook and credit rating actions

Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.