Moody’s assigns ‘Aa3’ to University of Colorado Hospital Authority’s bonds

Moody’s Investors Service assigned an “Aa3” rating to Aurora-based University of Colorado Authority’s proposed $153 million of series 2017A direct-loan bonds and $304 million of series 2017C bonds.

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The rating affirmation is based a variety of factors, including the organization’s clinical excellence, broad footprint, strong operating performance and strong liquidity.

Moody’s also assigned an “Aa3/VMIG1” rating to UCHA’s proposed $116 million of series 2017B variable-rate demand bonds, and affirmed the “Aa3” rating on the organization’s outstanding debt.

The outlook is stable, reflecting Moody’s Investors Service’s expectation UCHA’s overall performance will remain strong.

More articles on healthcare finance:
9 recent hospital outlook and credit rating actions
Moody’s affirms ‘A1’ rating on Phoebe Putney Memorial Hospital’s bonds
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