Moody's upgrades Princeton HealthCare System to 'Aa3'

Moody's Investors Service upgraded Plainsboro, N.J.-based Princeton HealthCare System to "Aa3" from "Baa2," affecting about $188 million of outstanding debt.

Princeton HealthCare System became a subsidiary of Philadelphia-based University of Pennsylvania Health System on Jan. 1. In June, the security of Princeton's outstanding bonds was changed to that of U of Penn Health's obligated group. The upgrade was a result of this security change.

The outlook is stable.

More articles on healthcare finance:
Fewer medical mistakes saved hospitals $2.9B from 2014 to 2016
$28k: The average price healthcare will cost a family of 4 in 2018
9 latest hospital credit downgrades

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars