Poised for an Upgrade

D'Ambrosio, Jill
August 2004
Bond Buyer;8/24/2004, Vol. 349 Issue 31954, p1
Trade Publication
Reports that the University of Pittsburgh Medical Center Health System (UPMC) and the West Penn Allegheny Health System in Pennsylvania are both poised for an upgrade after the credit rating agency revised their outlooks. Statement of Martin Arrick, managing director of Standard & Poor's, on the reaction of both entities; Increase in UPMC's outlook due to its improved financial profile; Plan of both UPMC and West Penn to issue debt for capital projects in the near future.


Related Articles

  • Detroit Medical Center Looks to Maintain Financial Stability After Fitch Upgrade. Carvlin, Elizabeth // Bond Buyer;7/11/2005, Vol. 353 Issue 32171, p6 

    Reports on the upgrade of debt ratings for the Detroit Medical Center by Fitch Ratings in Michigan. Issuance of new debt and restructuring of outstanding bonds; Queries on the financial stability of the hospital for the coming year; Assessment of the medical center's operating performance.

  • NEBRASKA: Medical Center Goes Negative. Devitt, Caitlin // Bond Buyer;9/26/2007, Vol. 361 Issue 32721, p9 

    The article reports on the revision of Moody's Investors Service Inc.'s outlook for Regional West Medical Center's A3 credit in Nebraska. The rating agency cited an increased physician competition and declining patient volumes. The health facility carries roughly $54 million of debt secured by...

  • MINNESOTA: Fitch Boosts CentraCare. Shields, Yvette // Bond Buyer;10/31/2007, Vol. 362 Issue 32745, p9 

    The article reports on the A from A-minus upgrade made by Fitch Ratings Ltd. to the debt issued by CentraCare Health System (CHS) and its subsidiary Saint Cloud Hospital in Minnesota. The rating affects the company's multi-million dollar outstanding CHS bonds. The proceeds will finance...

  • OHIO: Summa Health Now Negative. Devitt, Caitlin // Bond Buyer;12/10/2008, Vol. 366 Issue 33020, p9 

    The article reports on the revision of Fitch Ratings Ltd.'s outlook to negative from stable on debt issued by Akron, Ohio-based Summa Health System as it prepares to take on more debt to finance an expansion. The rating agency also affirmed its underlying A-minus rating on about $89 million of...

  • ILLINOIS: Silver Cross Now Negative. Shields, Yvette // Bond Buyer;6/4/2008, Vol. 364 Issue 32892, p8 

    The article reports that Fitch Ratings Ltd. gave an A negative for Silver Cross Hospital and Medical Center. The negative grade came after the hospital prepared to refund $89 million of bonds through the Illinois Finance Authority to restructure $80 million of 2005 auction-rate bonds. It applied...

  • MICHIGAN: Munson Healthcare Up to A1. Devitt, Caitlin // Bond Buyer;9/26/2007, Vol. 361 Issue 32721, p9 

    The article reports on the A1 from A2 upgrade made by Moody's Investors Service Inc. to Munson Healthcare's $143 million of debt issued in Traverse City, Michigan. Munson is considering the issuance of up to $35 million of new debt within the next two years as part of its $166 million capital...

  • Youngstown, Ohio's Forum Health Off Watch, Gets Positive Outlook. Devitt, Caitlin // Bond Buyer;9/26/2007, Vol. 361 Issue 32721, p28 

    The article reports on the positive from negative revision of Moody's Investors Service Inc.'s outlook over Forum Health System's off watch list in Youngstown, Ohio. The revision was made after the system completed prolonged negotiations with its nurses' union and signed a new one-year contract....

  • Shots in the Arm. Sigo, Shelly // Bond Buyer;1/19/2006, Vol. 355 Issue 32301, p31 

    The article reports that Fitch Ratings has upgraded the debt ratings of Orlando Regional Healthcare System and the Orange County Health Facilities Authority in Florida. The rating agency has observed the improvement of finances and strong operating profitability of the hospitals as reflected by...

  • MINNESOTA: Regina Medical Junked. Shields, Yvette // Bond Buyer;8/27/2008, Vol. 365 Issue 32949, p9 

    The article reports on the downgrade made by Standard & Poor's Corp. to Minnesota-based Regina Medical Center's credit to BB-plus from BBB-minus citing an overall weakening in the hospital's financial profile. The rating agency also warned that another downgrade is possible, making it to assign...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics