Magazine
Intelligence Unit Special Reports Special Events Subscribe Sponsored Departments Follow Us

Twitter Facebook LinkedIn RSS

Money Talk

Karen Minich-Pourshadi, for HealthLeaders Media, June 13, 2011
Are you a health leader?
Qualify for a free subscription to HealthLeaders magazine.

Who’s up and who’s down 
STABLE

Lexington County Health Services,
West Columbia, SC

Rating: A1
Outlook: Stable
Affected debt: $266 million
Agency: Moody’s Investors Service
Remarks: The outlook remains stable.
The affirmation of the A1 rating is attributable
to Lexington’s strong market share
and very stable and strong operating results.
 
Up
University of Pittsburgh Medical Center
Rating: Aa3
Outlook: Positive
Affected debt: $2.74 billion
Agency: Moody’s Investors Service

Remarks: The rating outlook has been revised to positive from stable. The ratings affirmation is based on UPMC’s leading market position, strong patient demand, preeminent clinical reputation,

good operating margins, and a long track record of effectively addressing operating challenges.

 
UP
Central Florida Health Alliance, Leesburg
Rating: BBB+
Outlook: Stable
Affected debt: $43 million
Agency: Standard & Poor’s Ratings Services

Remarks: S&P revised its rating outlook to
stable from negative on Leesburg, FL’s series 2002 and 2003 hospital revenue bonds and affirmed the BBB+ rating. The revised outlook reflects S&P’s assessment of CFHA’s improved operating results for the past fiscal year and for the first five months of fiscal 2011. The overall rating reflects S&P’s view of CFHA’s solid business position and adequate balance sheet offset by a weaker income statement that management is working to correct with expense management and growth initiatives in a challenging payer mix environment.

 
Up
UPMC Hamot, Erie, PA
Rating: Aa3
Outlook: Positive
Affected debt: $61.2 million
Agency: Moody’s Investors Service

Remarks: Moody’s has upgraded to Aa3 from Baa1 the ratings assigned to UPMC Hamot. The rating action affects $61.2 million of UPMC Hamot’s outstanding rated debt. The rating outlook is positive. The upgrade to Aa3 follows the execution of the affiliation and integration agreement with the University of Pittsburgh Medical Center on February 1, 2011.

 —Karen Minich-Pourshadi

Karen Minich-Pourshadi is a Senior Editor with HealthLeaders Media.
Twitter

Comments are moderated. Please be patient.