City of Hope, CA Debt Rating Lowered To 'A-' On Weaker-Than-Expected Operations At Newer Affiliates - S&P Global Ratings’ Credit Research

City of Hope, CA Debt Rating Lowered To 'A-' On Weaker-Than-Expected Operations At Newer Affiliates

City of Hope, CA Debt Rating Lowered To 'A-' On Weaker-Than-Expected Operations At Newer Affiliates - S&P Global Ratings’ Credit Research
City of Hope, CA Debt Rating Lowered To 'A-' On Weaker-Than-Expected Operations At Newer Affiliates
Published Jul 16, 2025
3 pages (1427 words) — Published Jul 16, 2025
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings lowered its long-term rating and underlying rating (SPUR) on City of Hope (COH), Calif.'s debt to 'A-' from 'A'. S&P Global Ratings also lowered its short-term rating on COH's commercial paper (CP) program to 'A-2' from 'A-1'. In addition, S&P Global Ratings assigned its 'A-' rating to California Health Facilities Financing Authority 's $189.1 million revenue bonds, series 2025, issued for COH. These bonds have been privately placed with Morgan Stanley. The outlook is stable. The downgrade reflects sizable andweaker-than-expected operating losses and slower operational improvement at the newer affiliates from legacy Cancer Treatment Centers of Americas. NEW YORK (S&P Global Ratings) July 16, 2025--S&P Global Ratings today took the rating actions listed above. We view COH's

  
Brief Excerpt:

...S&P Global Ratings lowered its long-term rating and underlying rating (SPUR) on City of Hope (COH), Calif.'s debt to 'A-' from 'A'. S&P Global Ratings also lowered its short-term rating on COH's commercial paper (CP) program to 'A-2' from 'A-1'....

  
Report Type:

Ratings Action

Issuer
California Health Facilities Financing Authority
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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MLA:
S&P Global Ratings’ Credit Research. "City of Hope, CA Debt Rating Lowered To 'A-' On Weaker-Than-Expected Operations At Newer Affiliates" Jul 16, 2025. Alacra Store. Nov 06, 2026. <http://www.alacrastore.com/s-and-p-credit-research/City-of-Hope-CA-Debt-Rating-Lowered-To-A-On-Weaker-Than-Expected-Operations-At-Newer-Affiliates-3407363>
  
APA:
S&P Global Ratings’ Credit Research. (). City of Hope, CA Debt Rating Lowered To 'A-' On Weaker-Than-Expected Operations At Newer Affiliates Jul 16, 2025. New York, NY: Alacra Store. Retrieved Nov 06, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/City-of-Hope-CA-Debt-Rating-Lowered-To-A-On-Weaker-Than-Expected-Operations-At-Newer-Affiliates-3407363>
  
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