Thomas Jefferson University, PA Bond Ratings Raised To 'A+' On Diversified Presence And Continued Balance-Sheet Strength

NEW YORK (S&P Global Ratings) Nov. 18, 2016--S&P Global Ratings raised its ratings on Pennsylvania Higher Educational Facilities Authority's debt issued for Thomas Jefferson University to 'A+' from 'A'. S&P Global Ratings also raised its ratings on Montgomery County Higher Education&Health Authority, Pa.'s debt issued for the Abington Memorial Hospital Obligated Group to 'A+' from 'A'. At the same time, S&P Global Ratings assigned its 'A+' rating to the university's $280 million series 2016A tax exempt fixed rate bonds and to the university's $80 million series 2016B tax exempt variable rate bonds. The outlook on all debt is stable. "The upgrade reflects TJU's increasingly diversified presence and material market share growth with its May 1, 2015, merger with

...NEW YORK (S&P Global Ratings) Nov. 18, 2016--S&P Global Ratings raised its ratings on Pennsylvania Higher Educational Facilities Authority's debt issued for Thomas Jefferson University to 'A+' from 'A'. S&P Global Ratings also raised its ratings on Montgomery County Higher Education & Health Authority, Pa.'s debt issued for the Abington Memorial Hospital Obligated Group to 'A+' from 'A'. At the same time, S&P Global Ratings assigned its 'A+' rating to the university's $280 million series 2016A tax exempt fixed rate bonds and to the university's $80 million series 2016B tax exempt variable rate bonds. The outlook on all debt is stable. "The upgrade reflects TJU's increasingly diversified presence and material market share growth with its May 1, 2015, merger with Abington Health, July 1, 2016, merger with Aria Health System, and the June 30, 2016, acquisition of a controlling interest in the Rothman Orthopedic Specialty Hospital," said S&P Global Ratings analyst Cynthia Keller. In addition,...

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