Fitch Ratings has assigned an ‘A-‘ rating to $36 million in Tampa General Hospital revenue refunding bonds.
Proceeds of the bonds will be used to refund earlier bonds, according to a written statement.
The new bonds are expected to price the week of July 22 via negotiation.
Refunding the 2003 bonds and getting a lower interest rate with new bonds will save money for TGH, which is in the process of attempting to merge with Citrus Memorial Hospital.
Fitch said the rating outlook remains stable…
Fitch Ratings has assigned an ‘A-‘ rating to $36 million in Tampa General Hospital revenue refunding bonds.
Proceeds of the bonds will be used to refund earlier bonds, according to a written statement.
The new bonds are expected to price the week of July 22 via negotiation.
Refunding the 2003 bonds and getting a lower interest rate with new bonds will save money for TGH, which is in the process of attempting to merge with Citrus Memorial Hospital.
Fitch said the rating outlook remains stable…