Moody’s assigns ‘Aa3’ rating to Mission Health System’s bonds

Moody’s Investors Service has assigned an “Aa3” long-term rating to Asheville, N.C.-based Mission Health System’s proposed series 2015 tax exempt bonds and series 2015 taxable bonds.

Advertisement

The rating assignment was supported by a number of factors, including the system’s dominant market share in western North Carolina and steady operating performance.

The system does face some challenges, which were considered for the rating assignment, such as having below average debt service coverage and leverage metrics relative to like-rated systems.

More articles on healthcare finance:

SGR fix carries $174.5B price tag, CBO says
5 CFOs in the headlines this week
Adapting to the new reimbursement climate: Q&A with Alexian Brothers Health System CFO Paul Belter

Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.