The rating affects approximately $34 million of outstanding series 2012 D fixed rate revenue bonds issued through the Connecticut Health and Educational Facilities Authority.
The rating change reflects the recent change in bondholder security in conjunction with the hospital joining Yale New Haven (Conn.) Health, which has an Aa3 rating.
More articles on hospital credit ratings:
7 recent hospital rating and outlook changes, affirmations
Moody’s revises Texas Health Resources’ outlook to positive
Moody’s downgrades St. Luke’s revenue bonds to ‘A3’, outlook stable
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.