Chester County Health and Education Facilities Authority, PA Debt Rating Lowered To 'AA-' On Operating Losses - S&P Global Ratings’ Credit Research

Chester County Health and Education Facilities Authority, PA Debt Rating Lowered To 'AA-' On Operating Losses

Chester County Health and Education Facilities Authority, PA Debt Rating Lowered To 'AA-' On Operating Losses - S&P Global Ratings’ Credit Research
Chester County Health and Education Facilities Authority, PA Debt Rating Lowered To 'AA-' On Operating Losses
Published Dec 21, 2022
2 pages (1079 words) — Published Dec 21, 2022
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Abstract:

AUSTIN (S&P Global Ratings) Dec. 21, 2022--S&P Global Ratings lowered its long-term rating to 'AA-' from 'AA' on the Chester County Health and Education Facilities Authority, Pa.'s debt issued for Main Line Health System (MLH). The outlook is stable. MLH is the parent company of Main Line Health. "The rating action reflects our view of MLH's sizable operating losses in fiscal 2022 and the first three months of fiscal 2023 with an anticipated operating loss for full fiscal 2023 after variable performance in recent years, combined with a weakened balance sheet resulting from a decline in unrestricted reserves," said S&P Global Ratings credit analyst Kay Sifferman. The stable outlook reflects our expectations for continued operating challenges in fiscal 2023 but

  
Report Type:

Ratings Action

Issuer
Main Line Health System
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Chester County Health and Education Facilities Authority, PA Debt Rating Lowered To 'AA-' On Operating Losses" Dec 21, 2022. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Chester-County-Health-and-Education-Facilities-Authority-PA-Debt-Rating-Lowered-To-AA-On-Operating-Losses-2931778>
  
APA:
S&P Global Ratings’ Credit Research. (). Chester County Health and Education Facilities Authority, PA Debt Rating Lowered To 'AA-' On Operating Losses Dec 21, 2022. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Chester-County-Health-and-Education-Facilities-Authority-PA-Debt-Rating-Lowered-To-AA-On-Operating-Losses-2931778>
  
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