The bond anticipation notes are secured by funds pledged under the bond trust indenture and are limited obligations of PCMC since they’re secured by the proceeds of permanent financing to be received from the United States Department of Agriculture.
The rating affirmation is based on several factors, including PCMC’s favorable liquidity position relative to its scope of operations and its relationship with “A1”-rated Avera Health.
More hospital outlook and credit rating actions:
Moody’s affirms The Christ Hospital’s ‘A3’ rating
Moody’s affirms Salina Regional Health Center’s ‘A1’ rating
13 recent hospital outlook and credit rating actions
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