Research Update: Seven Hills Foundation, MA Rating Outlook Revised To Negative From Stable On Weakened Operating Metrics - S&P Global Ratings’ Credit Research

Research Update: Seven Hills Foundation, MA Rating Outlook Revised To Negative From Stable On Weakened Operating Metrics

Research Update: Seven Hills Foundation, MA Rating Outlook Revised To Negative From Stable On Weakened Operating Metrics - S&P Global Ratings’ Credit Research
Research Update: Seven Hills Foundation, MA Rating Outlook Revised To Negative From Stable On Weakened Operating Metrics
Published May 22, 2025
Published May 22, 2025
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings revised its outlook to negative from stable and affirmed its ?BBB-? long-term rating on Seven Hills Foundation and Affiliates (Seven Hills), Mass.' existing debt. In addition, S&P Global Ratings assigned its 'BBB-' long-term rating to the Massachusetts Development Finance Agency 's $50 million series 2025 revenue bonds issued for Seven Hills. The outlook revision reflects Seven Hills' weak days? cash on hand (DCOH) and higher-than-expected labor and wage expenses during a period of weaker census. A gross revenue pledge and a mortgage lien secure the bonds. Proceeds of the proposed issuance will refinance the series 2015A bonds ($36.3 million), refinance a portion of the line of credit ($8.3 million), refinance a TD Bank N.A. loan ($3.6 million),

  
Report Type:

Research Update

Ticker
32612Z
Issuer
Massachusetts Development Finance Agency
GICS
Specialized Finance (40201040)
Sector
Global Issuers, Public Finance, Structured Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Seven Hills Foundation, MA Rating Outlook Revised To Negative From Stable On Weakened Operating Metrics" May 22, 2025. Alacra Store. May 25, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Seven-Hills-Foundation-MA-Rating-Outlook-Revised-To-Negative-From-Stable-On-Weakened-Operating-Metrics-3375344>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Seven Hills Foundation, MA Rating Outlook Revised To Negative From Stable On Weakened Operating Metrics May 22, 2025. New York, NY: Alacra Store. Retrieved May 25, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Seven-Hills-Foundation-MA-Rating-Outlook-Revised-To-Negative-From-Stable-On-Weakened-Operating-Metrics-3375344>
  
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