Moody’s assigned an A3 rating and Fitch Rating an A- rating to$36 million in refunding bonds issued for Tampa General Hospital.
The bonds will refund a 2003 series of bonds with a higher interest rate.
Both rating services issued a stable rating outlook and noted TGH’s operating margin has improved to 3.4 percent in the past eight months after recording breakeven profitability in fiscal years 2010 and 2012.
TGH has strong liquidity because of positive investment returns, improved cash flow…
Moody’s assigned an A3 rating and Fitch Rating an A- rating to$36 million in refunding bonds issued for Tampa General Hospital.
The bonds will refund a 2003 series of bonds with a higher interest rate.
Both rating services issued a stable rating outlook and noted TGH’s operating margin has improved to 3.4 percent in the past eight months after recording breakeven profitability in fiscal years 2010 and 2012.
TGH has strong liquidity because of positive investment returns, improved cash flow…