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Moody's gives South Shore Hospital, Mass., bonds underlying A3 rating
Moody's Investors Service said it assigned an A3 underlying rating to South Shore Hospital's $94.6 million of series G 2008 hospital revenue and refunding bonds to be issued by the Massachusetts Health and Education Facilities Authority.
The outlook is stable.
Assured Guaranty is expected to insure the bonds. Subject to a review of the insurance policy, the bonds are expected to be rated Aaa/VMIG 1 based on the claims-paying and short-term ratings of the insurer.
Sale of the bonds is expected on Feb. 27.
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