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Stand-alone Chicago-based Swedish Covenant Hospital was affirmed by one rating agency and dropped one notch to BBB by another ahead of its $120 million new money and refunding sale.
October 28 -
The not-for-profit healthcare sector is holding steady but may have peaked as persistent long-term challenges threaten to undercut gains that have bolstered margins, says S&P Global Ratings health care analyst J. Kevin Holloran.
October 27 -
An alignment of Catholic Health Initiatives with Dignity Health to create one of the nations largest nonprofit health-care providers would be a positive credit factor for the two organizations, according to Moodys Investors Service.
October 26 -
The tax supporting a $38 million bond deal for a rural Alabama hospital faces a legal challenge, though supporters say a state constitutional amendment on the Nov. 8 ballot should cure the problem for Chilton County and other localities, including Jefferson County.
October 26 -
Catholic Health Initiatives and Dignity Health are in negotiations that could result in creation of the nations largest nonprofit hospital chain or another form of alignment.
October 25 -
Illinois-based Edward-Elmhurst Healthcare received an A rating from Fitch Ratings as it prepares to come to market to refund old debt issued by the two systems that joined forces in 2013 and establish a new obligated group.
October 20 -
Wisconsin-based Sauk Prairie Memorial Hospital Inc.'s rating fell deeper into junk after a three-notch downgrade from Moody's Investors Service.
October 20 -
The Illinois Finance Authority signed off on $800 million of borrowing plans by several Illinois-based not-for-profit health systems and a Chicago art museum joining the parade of issuers to hit the market this quarter with both new-money and refunding paper.
October 18 -
Vanderbilt University received an upgrade to triple-A ahead of its first foray into the bond market since separating financially from its medical center.
October 17 -
Oaklawn Hospital in Calhoun County, Michigan plans to convert its variable rate paper to fixed-rate debt in an upcoming $74 million hospital revenue bond refunding.
October 17