Moody's affirms Christiana Care's 'Aa2' rating

Moody's Investors Service affirmed the "Aa2" and "Aa2/VMIG 1" ratings for Newark, Del.-based Christiana Care, affecting $226 million of debt.

The affirmation reflects the system's large size and clinical depth, which will support the continuation of strong statewide market capture. Moody's expects these strengths will translate to maintenance of solid margins and a growing balance sheet.

The rating outlook is stable.

More articles on healthcare finance:

4 hospitals in Oklahoma and Tennessee miss payroll    
Michigan hospital CEO will take pay cut to boost facility's finances    
CMS updates hospital price transparency requirement — again   

© Copyright ASC COMMUNICATIONS 2020. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.


Top 40 Articles from the Past 6 Months