S&P assigns ‘BBB’ rating to Boston Medical Center’s bonds

S&P Global Ratings has assigned a “BBB” rating to Boston Medical Center’s series 2016E bonds.

Advertisement

The outlook is positive.

BMC is the obligated group within BMC Health System.

“The positive outlook is based on BMC Health System’s improved financial performance in fiscal 2015 and through interim fiscal 2016, ending June 30, with the expectation that future cash flow will meet the funding need of management’s long-term capital plan,” said S&P analyst Jennifer Soule.

S&P also affirmed the “BBB” rating on its series 2015D, 2012C and 2008B outstanding bonds.

More articles on healthcare finance:
MD Anderson points to Epic implementation for 77% drop in adjusted income
Syncordia Q1 net loss widens: 3 things to know
5 most-read finance stories: Week of Aug. 22-26

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.

Register to Attend Webinar

Reconsider What’s Possible: Enterprise RCM and the Pro-Fee Practice

Tuesday, July 28
11:00 AM - 12:00 PM CDT

Presenters: Garett Kreitz, Med-MetrixJohn Stefanowicz, Med-Metrix

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.