Moody’s review of the ratings is based on its downgrade of the health system’s underlying rating assigned March 8. The bonds are supported by direct pay letters of credit provided by PNC Bank.
The rating agency’s short-term VMIG 1 ratings assigned to the bonds were not changed.
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12 recent hospital outlook and credit rating actions
Moody’s assigns ‘Baa1’ rating to Washington Township Health Care District’s bonds
Moody’s affirms ‘Aa3’ rating on Virginia Commonwealth University Health System’s bonds
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