The ratings action affects $76,700,000 of debt pre-refunded following the health system’s May 12, 2016 escrow agreement.
According to Moody’s Investors Service’s Rating Symbols and Definitions guide, the hatch mark preceding the “Aaa” rating refers to “issues that are secured by escrowed funds held in trust, reinvested in direct, non-callable US government obligations or non-callable obligations unconditionally guaranteed by the US Government or Resolution Funding Corporation.”
The outlook is stable.
More articles on healthcare finance:
S&P assigns ‘AA-‘ rating to Froedtert Health’s debt
Moody’s affirms ‘A1’ rating on Memorial Health System’s bonds
Moody’s affirms ‘Baa2’ rating on Pacific County Public Hospital District’s debt
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