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.

Advertisement

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

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.

Download Whitepaper

The cost-saving opportunity most health systems overlook

Many hospitals and health systems scrutinize staffing, service lines, and payer contracts for savings. Fewer look at one of their largest assets: real estate.…

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.