Fitch affirms ‘BBB’ rating on Methodist Hospitals’ revenue bonds - July 20, 2017
Courtesy of Becker’s Hospital Review
Fitch Ratings affirmed its “BBB” rating on Gary, Ind.-based The Methodist Hospitals’ series 2014A revenue refunding bonds issued by the Indiana Finance Authority.
The affirmation is a result of several factors, including TMH’s stable operating margins, favorable debt burden and potential new partnership with Indianapolis-based Franciscan Health. Fitch also acknowledged the hospital’s unfavorable payer mix.
The outlook is stable.