Thomas Jefferson University, PA 2022A Bonds Rated 'A'

AUGUSTA (S&P Global Ratings) Jan. 11, 2022--S&P Global Ratings assigned its 'A' rating to Thomas Jefferson University (TJU), Pa.'s $431.1 million series 2022A taxable revenue bonds and Montgomery County Higher Education and Health Authority, Pa.'s $782.8 million series 2022B tax-exempt revenue bonds issued for TJU. At the same time, we affirmed our 'A' rating and underlying rating on revenue bonds issued for TJU and the Abington Memorial Hospital Obligated Group, Pa., by various authorities. The outlook on all ratings is stable. "The 'A' rating reflects TJU's healthy enterprise profile with a solid and growing market presence in the consolidating Philadelphia region with increased clinical and educational breadth and depth after multiple acquisitions and organic growth since 2015," said S&P Global

...January 11, 2022 AUGUSTA (S&P Global Ratings) Jan. 11, 2022--S&P Global Ratings assigned its 'A' rating to Thomas Jefferson University (TJU), Pa.'s $431.1 million series 2022A taxable revenue bonds and Montgomery County Higher Education and Health Authority, Pa.'s $782.8 million series 2022B tax-exempt revenue bonds issued for TJU. At the same time, we affirmed our 'A' rating and underlying rating on revenue bonds issued for TJU and the Abington Memorial Hospital Obligated Group, Pa., by various authorities. The outlook on all ratings is stable. "The 'A' rating reflects TJU's healthy enterprise profile with a solid and growing market presence in the consolidating Philadelphia region with increased clinical and educational breadth and depth after multiple acquisitions and organic growth since 2015," said S&P Global Ratings credit analyst Cynthia Keller. "TJU's most recent acquisitions have positioned the organization to become an integrated delivery and financing system and solidified the...

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