Proceeds of the series 2015 bonds will partly fund VVMC’s $180 million five-year capital spending plan.
“The ‘A’ rating reflects our assessment of VVMC’s solid business position in a limited market that is very outpatient focused, consistently strong operations and robust pro forma debt service coverage at maximum annual debt service and very strong liquidity,” said Karl Propst, an S&P credit analyst.
The hospital’s credit outlook is stable.
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