Research Update: Parkview Health, IN Series 2026A Revenue Bonds Assigned 'A+' Rating; Outlook Stable

S&P Global Ratings assigned its 'A+' long-term rating to the Indiana Finance Authority ?s $286.1 million series 2026A revenue bonds, issued for Parkview Health , Ind. (Parkview). At the same time, we affirmed our 'A+' long-term and underlying (SPUR) ratings on Parkview Health System Obligated Group , Ind.'s debt outstanding issued by the Indiana Finance Authority and on the series 2020A taxable bonds issued by Parkview. Finally, we affirmed our 'AA+/A-1' dual rating on the authority's series 2009B, 2009C, and 2009D bonds (assuming low correlation) issued for Parkview. The outlook, where applicable, is stable. The bonds outstanding are secured by a pledge of revenue of the credit group. The credit group consists of the parent, Parkview Health System, and Parkview

... diversified system of 15 hospitals across northeast Indiana and northwest Ohio. The flagship, Parkview Regional Medical Center, operates 549 beds in north Fort Wayne along with the Orthopedic Hospital at Parkview North (a 37-bed joint venture), and Parkview Hospital Randallia (187 licensed beds). Ratings List New Issue Ratings US$286.095 mil health sys rev bnds (Parkview Health System Obligated Group) ser 2026A due 10/01/2049 Long Term Rating A+/Stable Ratings Affirmed Healthcare Parkview Hlth Sys Oblig Grp, IN Health Care System Revenues A+/Stable The ratings appearing below the new issues represent an aggregation of debt issues (ASID) associated with related maturities. The maturities similarly reflect our opinion about the creditworthiness of the U.S. Public Finance obligor's legal pledge for payment of the financial obligation. Nevertheless, these maturities may have...

Research Update