Moody's affirms Hawaii Pacific Health's 'A2' bond rating

Moody's Investors Services has affirmed the "A2" ratings assigned to Honolulu-based Hawaii Pacific Health's revenue bonds, with the rating affecting approximately $317 million of debt.

The rating affirmation was supported by a number of factors, including HPH's strong operating performance. The system posted a 9.3 percent operating margin and a 14.1 percent cash flow margin for fiscal year 2014.

The system's challenges were also considered for the rating affirmation, which include an increased debt load due to an expansion project and operating in a competitive and fragmented market.

More articles on healthcare finance:

The hidden costs of healthcare: 5 things to know
Torrance Memorial Medical Center opens new $450M patient tower
Kansas hospitals continue push for Medicaid expansion

Copyright © 2023 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.


Featured Whitepapers

Featured Webinars