Enloe will use the bond proceeds to refund $166 million of its series 2008B outstanding debt, which is insured by California’s Health Facilities Construction Loan Insurance Program, or Cal-Mortgage.
“The long-term rating is based on our assessment of insurance from the state’s Cal-Mortgage program,” said S&P credit analyst Patrick Zagar.
The outlook, which is based on California’s GO debt rating, is stable.
More hospital outlook and credit rating actions:
Moody’s assigns ‘MIG 1’ to Avita Health System’s notes
7 recent hospital outlook and credit rating actions
Moody’s assigns ‘Aa2’ to Advocate Health Care Network’s bonds
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
