Moody’s assigns ‘A3’ issuer rating to Randolph County Health Care Authority

Moody’s Investors Service assigned its “A3” issuer rating to Randolph County Health Care Authority, which owns and leases a 15-bed critical access facility to Carrollton, Ga.-based Tanner Medical System.

Advertisement

The issuer rating is an implied general obligation unlimited tax rating reflecting the moderately sized, rural tax base associated with the authority. The rating also acknowledges the authority’s strong revenues and moderate debt burden.

Outlooks are not typically assigned to government credits.

More articles on healthcare finance:
State-by-state breakdown of 102 rural hospital closures
10 hospitals seeking CFOs
How New York’s ‘baseball-style’ arbitration process reduced surprise bills: 7 notes

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.