Moody’s affirms ‘A3’ rating for Health Care Authority for Baptist Health

 
Moody’s Investors Service has affirmed its “A3” rating for the Mongtomery, Ala.-based Health Care Authority for Baptist Health, affecting $286 million of outstanding revenue bonds.

Advertisement

The affirmation is supported by Moody’s expectation that the system will return to a more favorable operating performance due to multiyear strategic initiatives as well as its strong market position in a diversified economy.

The rating outlook has been revised from negative to stable.

More articles on healthcare finance:

Nicklaus Children’s Hospital to freeze wages, lay off staff
117 hospitals drop out of BPCI Advanced: 5 things to know
CMS to Detroit hospital: Fix problems by April 15 or lose Medicare funding

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.