S&P raises Susquehanna Health's rating to 'A+'

S&P Global Ratings has raised its long-term rating on Williamsport, Pa.-based Susquehanna Health's $150 million of series 2009 bonds to "A+" from "A-."

"The upgrade reflects Susquehanna's anticipated Oct. 1, 2016, affiliation with 'A+' rated University of Pittsburgh Medical Center," said S&P analyst Cynthia Keller. "Upon closing, University of Pittsburgh Medical Center is expected to assume responsibility for Susquehanna's rated 2009 bonds as well as its other outstanding obligations, which we do not rate."

The outlook is stable, reflecting UPMC's excellent enterprise characteristics and the potential affiliation between the medical center and Susquehanna Health.

More articles on healthcare finance:
CRM is the new RCM: How strategic customer relationship management helps hospitals increase revenue and grow market share
For-profit hospital stock report: Week of Sept. 26-30
CMS to resume Medicare appeals settlements

© Copyright ASC COMMUNICATIONS 2020. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.


Featured Webinars

Featured Whitepapers