- $105.4 million of series 2013 fixed-rate bonds
- $25.6 million of series 2011 fixed-rate revenue bonds
- $41.3 million of series 2010A fixed-rate revenue bonds
- $63.7 million of series 2010B direct placement variable-rate bonds
Miami Children’s Hospital is now doing business as Nicklaus Children’s Hospital. NCH is part of Miami Children’s Health System.
“The rating action reflects the application of our U.S. not-for-profit acute care standalone hospital criteria as well as our view of MCHS’ healthy operating performance, decreasing debt and improving unrestricted reserves,” said S&P credit analyst Suzie Desai.
The outlook is stable, reflecting S&P’s view of MCHS’ robust operating performance and debt service coverage and growth in unrestricted reserves over the past few years.
More hospital outlook and credit rating actions:
Moody’s downgrades Reading Hospital and Medical Center’s rating to ‘A2’
Moody’s places Fremont-Rideout Health Group’s ‘A3’ rating under review for downgrade
Moody’s affirms Murray-Calloway County Public Hospital’s rating
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