Moody’s assigns ‘A3’ rating to Adena Health System’s bonds

Moody’s Investors Service has assigned an “A3” rating to Chillicothe, Ohio-based Adena Health System’s proposed series 2017 hospital facilities revenue refunding and improvement bonds.

Advertisement

Moody’s also affirmed the “A3” rating on Adena’s outstanding bonds.

The rating is supported by Adena’s stable margins, good liquidity and manageable leverage. The bond rating is further supported by the system’s leading market position, according to Moody’s.

The rating outlook is stable, which reflects Moody’s expectations that Adena will maintain its current operating performance and liquidity levels.

More articles on healthcare finance:

How CHS, Tenet, UHS, LifePoint and HCA fared in Q1
CMS further delays major bundled payment initiatives: 4 things to know
8 hospitals with strong finances

 

 

 

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.