Moody’s affirms ‘Aa1’ on Charleston Area Medical Center’s bonds

Moody’s Investors Service affirmed the “A1” long-term joint support letter of credit-backed rating on Charleston (W.Va.) Medical Center’s series 2008A variable rate revenue bonds.

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The ratings affirmation is based on the ratings agency’s decision to downgrade the underlying rating assigned to the bonds Jan. 25 to “Baa1” from “A3.”

The outlook is stable.

More articles on healthcare finance:
Moody’s assigns ‘A3’ rating to Dignity Health’s bonds
S&P places Mission Regional Medical Center on CreditWatch negative
S&P revises Partners HealthCare System’s outlook to negative

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