Moody’s affirms ‘Baa2’ rating on Jupiter Medical Center’s bonds

Moody’s Investors Service affirmed the “Baa2” rating on Jupiter (Fla.) Medical Center’s series 2013A bonds, affecting $40.1 million of debt.

Advertisement

The ratings affirmation is based on a number of factors, including the medical center’s consistent financial performance, growing balance sheet resources and liquidity metrics and strong management team.

The outlook is stable, reflecting Moody’s Investors Service’s expectation that despite the possibility Jupiter Medical Center will deploy its resources to increase its capital, its relative credit metrics will remain within the rating range.

More articles on healthcare finance:
7 latest hospital credit downgrades
Moody’s affirms ‘Aa3’ rating on Mercy Health’s bonds
Fitch upgrades Karnes County Hospital District’s rating, removes ratings watch evolving

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.