S&P assigns ‘AA-‘ rating to Mendocino Coast Health Care District’s bonds

S&P Global Ratings has assigned an “AA-” long-term rating to Fort Bragg, Calif.-based Mendocino Coast Health Care District’s $5.8 million of series 2016 bonds.

Advertisement

“The long-term rating is based on our assessment of insurance from the California Health Facilities Construction Loan Insurance Program (Cal-Mortgage),” said S&P analyst Patrick Zagar.

The outlook is stable, “based on that of California’s GO debt rating,” Mr. Zagar added.

More articles on healthcare finance:
NIH awards $55 million to build landmark million-person precision medicine study: 7 things to know
CMS releases OPPS proposed rule for 2017: 12 things to know
Oregon Health Authority report lifts veil on hospitals’ reimbursement rates: 5 findings

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.