Moody's affirms 'Baa1' rating on South Shore Hospital

Moody's Investors Service affirmed its "Baa1" rating on South Weymouth, Mass.-based South Shore Hospital's bonds, affecting approximately $115 million of rated debt.

The affirmation is a result of several factors, including the hospital's favorable service area, strong affiliation with nearby academic medical centers and solid relationships with network physicians. Moody's also acknowledged the health system's modest margins, sizable capital investments and challenging regulatory environment in Massachusetts.

The outlook is stable, reflecting Moody's expectation that the hospital will successfully complete its capital projects on time and within budget.

More articles on healthcare finance:
Allegheny Health Network posts slim profit in Q1: 5 things to know
Consumerism and the patient payment transition: 2 experts discuss
Mississippi hospital changes ER pricing policy after newspaper's probe into child's expensive visit

© Copyright ASC COMMUNICATIONS 2019. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.


Top 40 Articles from the Past 6 Months