Parkview Health System Obligated Group, IN Bonds Assigned 'AA-' Rating

DALLAS (S&P Global Ratings) Sept. 25, 2018--S&P Global Ratings assigned its 'AA-' long-term rating to the Indiana Finance Authority's $74.425 million series 2018A, $32.965 million series 2018B, $32.71 million series 2018C, and $21.93 million series 2019A bonds. At the same time, S&P Global Ratings affirmed its long-term rating and underlying rating (SPUR) on the authority's series 2001A, 2001B, 2001C, 2009A, 2009B, 2009C, 2009D, 2012, and 2017A bonds. Finally, S&P Global Ratings affirmed the 'AA+' long-term component of its dual rating (AA+/A-1) on the authority's series 2009B, 2009C, and 2009D bonds. All bonds were issued for Parkview Health System Obligated Group (Parkview). "The rating reflects our view that as Parkview executes on its strategic plan, which includes spending capital to further

...DALLAS (S&P Global Ratings) Sept. 25, 2018--S&P Global Ratings assigned its '##-' long-term rating to the Indiana Finance Authority's $74.425 million series 2018A, $32.965 million series 2018B, $32.71 million series 2018C, and $21.93 million series 2019A bonds. At the same time, S&P Global Ratings affirmed its long-term rating and underlying rating (SPUR) on the authority's series 2001A, 2001B, 2001C, 2009A, 2009B, 2009C, 2009D, 2012, and 2017A bonds. Finally, S&P Global Ratings affirmed the '##+' long-term component of its dual rating (##+/A-1) on the authority's series 2009B, 2009C, and 2009D bonds. All bonds were issued for Parkview Health System Obligated Group (Parkview). "The rating reflects our view that as Parkview executes on its strategic plan, which includes spending capital to further expand Parkview Regional Medical Center, balance sheet metrics will decline no further and operations will be sustained," said S&P Global Ratings credit analyst Brian Williamson. The series 2018A,...

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