Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers F > Headlines for Franklin County > News item |
Moody's ups OhioHealth bonds to Aa2
Moody's Investors Service said it raised its rating on OhioHealth's debt to Aa2 and assigned an Aa2/VMIG1 rating to the $186.7 million series 2008A bonds to be issued through Franklin County, Ohio. The outlook is stable.
The expected sale date is July 29.
Proceeds will refund series 2003A and 2003B auction-rate securities.
The upgrade is based on the system's consistently strong operating margins, liquidity and debt measures, which have been achieved despite competitive challenges in the greater Columbus market, Moody's said.
The short-term rating is based on a standby bond purchase agreement from JPMorgan Chase Bank NA, rated Aaa/P-1 by Moody's.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.